narrative<\/em> est simple: tout cela a \u00e9t\u00e9 fait pour pouvoir remettre de l’ordre dans la barraque, ressusciter le bon vieux temps des capitalistes responsables, les Rockefeller, J. Pierpont Morgan, Mellon et autres, tous ces gens, milliardaires de tr\u00e8s haute tenue, qui assumaient toutes leurs responsabilit\u00e9s en r\u00e9gulant le syst\u00e8me par leur seule influence, par leur autorit\u00e9, leur prestige, on dirait presque leur l\u00e9gitimit\u00e9.<\/p>\n<\/p>\n\tBrooks refait donc l’Histoire en se r\u00e9f\u00e9rant \u00e0 ces temps rassurant o\u00f9 les titans de Wall Street avaient toute leur t\u00eate et leur sens des responsabilit\u00e9s, o\u00f9 J. Pierpont Morgan \u00e9tait capable d’arr\u00eater une panique \u00e0 Wall Street en une soir\u00e9e de 1907 o\u00f9 il r\u00e9unissait ses pairs et les tan\u00e7ait vertement, ou John D. Rockefeller passait plus de temps \u00e0 g\u00e9rer les dons qu’il faisait de toutes parts pour le bien du syst\u00e8me que sa propre fortune. Miraculeusement, ces temps sont revenus. Le plan Paulson est le retour de la sagesse, \u00ab[It] would assign nearly unlimited authority to a small coterie of policymakers. It does not rely on any system of checks and balances, but on the wisdom and public spiritedness of those in charge.<\/em>\u00bb Entendez-vous les trompettes sonner et les all\u00e9luias saluer la (re)naissance du divin enfant? Si vous n’entendez rien, soignez-vous ou lisez la p\u00e9roraison de Brooks:<\/p>\n<\/p>\n\t\u00abthe plan will be pinned back. Oversight will be put in place. But the plan will probably not be stopped. The markets would tank. There is a hunger for stability, which only the Treasury and the Fed can provide.<\/em><\/p>\n<\/p>\n\t\u00bbSo we have arrived at one of those moments. The global financial turmoil has pulled nearly everybody out of their normal ideological categories. The pressure of reality has compelled new thinking about the relationship between government and the economy. And lo and behold, a new center and a new establishment is emerging.<\/em><\/p>\n<\/p>\n\t\u00bbThe Paulson rescue plan is one chapter. But there will be others. Over the next few years, the U.S. will have to climb out from under mountainous piles of debt. Many predict a long, gray recession. The country will not turn to free-market supply-siders. Nor will it turn to left-wing populists. It will turn to the safe heads from the investment banks. For Republicans, people like Paulson. For Democrats, the guiding lights will be those establishment figures who advised Barack Obama last week including Volcker, Robert Rubin and Warren Buffett.<\/em><\/p>\n<\/p>\n\t\u00bbThese time-tested advisers, or more precisely, their acolytes, are going to make the health and survival of the financial markets their first order of business, because without that stability, the entire economy will be in danger. Beyond that, they will embrace a certain sort of governing approach.<\/em><\/p>\n<\/p>\n\t\u00bbThe government will be much more active in economic management (pleasing a certain sort of establishment Democrat). Government activism will provide support to corporations, banks and business and will be used to shore up the stable conditions they need to thrive (pleasing a certain sort of establishment Republican). Tax revenues from business activities will pay for progressive but business-friendly causes investments in green technology, health care reform, infrastructure spending, education reform and scientific research.<\/em><\/p>\n<\/p>\n\t\u00bbIf you wanted to devise a name for this approach, you might pick the phrase economist Arnold Kling has used: Progressive Corporatism. We’re not entering a phase in which government stands back and lets the chips fall. We’re not entering an era when the government pounds the powerful on behalf of the people. We’re entering an era of the educated establishment, in which government acts to create a stable and often oligarchic framework for capitalist endeavor.<\/em><\/p>\n<\/p>\n\t\u00bbAfter a liberal era and then a conservative era, we’re getting a glimpse of what comes next.<\/em>\u00bb<\/p>\n<\/p>\n\tIl est assur\u00e9 que nous allons avoir de nombreuses interpr\u00e9tations de cette semaine qui \u00e9branla la finance du monde capitaliste, au moins jusqu’\u00e0 la prochaine crise. Comme \u00e0 chaque occasion de ce genre, la r\u00e9criture est faite avec la plume de la raison mise au service de l’optimisme des m\u00eames lendemains d’hier qui chantent \u00e0 nouveau. Le spectacle que Brooks monte pour nous est convaincant, qui parvient \u00e0 nous faire prendre Paulson pour un grand manipulateur et un Ange Exterminateur, finalement assur\u00e9 de son destin et de celui de la Grande R\u00e9publique, r\u00e9installant la Vertu sur le carreau du Temple o\u00f9 gisent les marchands de la chose, assomm\u00e9s, terrifi\u00e9s et bient\u00f4t repentants (mais les poches pleines tout de m\u00eame, on leur rach\u00e8te leurs dettes pourries et on leur assure un bonus<\/em> \u00e0 la fin du mois).<\/p>\n<\/p>\n\tIl faut entrer dans la narrative<\/em> et ne plus s’interroger, ne plus s’attarder aux questions. Comment ces grands manipulateurs n’ont-ils rien vu venir? (\u00ab[Bush] acted so boldly, he said yesterday, only after realising just how severe the problems were. The President said his first instinct was to let the free markets work. But then he heard from experts who said the problem was so significant and so deep that massive federal help was needed.<\/em>\u00bb) Comment Paulson, ce redresseur des torts, peut-il autant ha\u00efr ce qui va sauver l’Am\u00e9rique? (\u00abI don’t like the fact that we have to do this. I hate the fact that we have to do this. But it is better than the alternative.<\/em>\u00bb) Comment expliquer que cette phalange de r\u00e9novateurs faite de vieux sbires tann\u00e9s sous le harnais, Paulson, Volcker, Rubin, va nous apporter la formule de la stabilit\u00e9 et de la responsabilit\u00e9 alors qu’elle est faite de ceux-l\u00e0 m\u00eame, Paulson, Volcker, Rubin, qui, depuis 30 ans, font la navette entre Wall Street et l’administration pour d\u00e9velopper ce syst\u00e8me de l’instabilit\u00e9 et de l’irresponsabilit\u00e9? <\/p>\n<\/p>\n\tQu’importe, la narrative<\/em> chante et la vie est donc devenue belle: Progressive Corporatism<\/em>\u00bb, l’alliance du dollar et du progressisme, la vertu au carr\u00e9, au cube m\u00eame. Le reste suivra, de l’Irak \u00e0 la Nouvelle Orl\u00e9ans, de l’Afghanistan au Pentagone, de Poutine \u00e0 Ben Laden en passant par Sarkozy, et la Belgique sera m\u00eame r\u00e9unifi\u00e9e en choisissant une langue commune (l’Anglo-Am\u00e9ricain de Wall Steet). Ecoutez-les chanter, ces grands matins qui sont les n\u00f4tres.<\/p>\n<\/p>\n<\/p>\n
\tMis en ligne le 24 septembre 2008 \u00e0 18H01<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Voici une pure et \u00e9mouvante narrative de la crise, celle-ci racont\u00e9e aux enfants sages, une fable scintillante de mille feux, comme une \u00e9toile \u00e0 une branche d’un sapin de No\u00ebl, non, plut\u00f4t tout au sommet du sapin de No\u00ebl. En la lisant, nous avons les yeux pleins d’\u00e9toiles, 50 ou 51 pour \u00eatre pr\u00e9cis, si… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[2947,4740,3228,7806,7024,7805,3372,3132],"class_list":["post-70224","post","type-post","status-publish","format-standard","hentry","category-bloc-notes","tag-amerique","tag-brooks","tag-crise","tag-establisment","tag-paulson","tag-renaissance","tag-street","tag-wall"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/70224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=70224"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/70224\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=70224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=70224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=70224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}