{"id":86,"date":"2014-10-21T12:39:09","date_gmt":"2014-10-21T11:39:09","guid":{"rendered":"http:\/\/www.obsfin.ch\/blog\/?page_id=86"},"modified":"2020-08-11T10:43:55","modified_gmt":"2020-08-11T08:43:55","slug":"finance-servante-ou-finance-trompeuse","status":"publish","type":"page","link":"https:\/\/www.obsfin.ch\/fr\/publications\/finance-servante-ou-finance-trompeuse\/","title":{"rendered":"\u00ab\u00a0Finance servante ou finance trompeuse?\u00a0\u00bb"},"content":{"rendered":"

Finance servante ou finance trompeuse? Prof. Paul H. Dembinski, Paris, Descl\u00e9e de Brouwer, 2008, 200 pages.<\/strong><\/p>\n

\"pdf\"<\/a><\/p>\n

Les travaux r\u00e9alis\u00e9s durant les dix derni\u00e8res ann\u00e9es dans la mouvance de l\u2019Observatoire de la Finance ont progressivement montr\u00e9 que la p\u00e9n\u00e9tration de plus en plus profonde de la logique financi\u00e8re dans la soci\u00e9t\u00e9 r\u00e9sultait du jeu convergent d\u2019un faisceau de facteurs : le d\u00e9veloppement de la technologie et, plus g\u00e9n\u00e9ralement, celui des capacit\u00e9s de cr\u00e9ation de richesse, la hantise croissante du risque et de l\u2019impr\u00e9vu croissante avec l\u2019augmentation du niveau de vie, la pr\u00e9tention th\u00e9oriquement fond\u00e9e de la finance \u00e0 garantir \u00e0 l\u2019Occident un avenir paisible, les d\u00e9fis et aspirations des pays du Sud en mati\u00e8re de d\u00e9veloppement \u00e9conomique et social, etc.<\/p>\n

Ainsi, au fur et \u00e0 mesure de ces recherches, les dimensions psychologique, philosophique et morale de la finance sont apparues comme \u00e9tant aussi importantes \u00e0 sa compr\u00e9hension que ses aspects \u00e9conomiques, techniques et institutionnels. Ce sont les pistes que les travaux de l\u2019Observatoire de la Finance ont explor\u00e9 pendant les dix ann\u00e9es pass\u00e9es.<\/p>\n

Ces efforts aboutissent aujourd\u2019hui \u00e0 un cadre conceptuel coh\u00e9rent du point de vue \u00e9pist\u00e9mologique qui a \u00e9t\u00e9 mis \u00e0 contribution pour permettre d\u2019articuler un diagnostic de port\u00e9e syst\u00e9mique. En vertu de ce diagnostic, qui est l\u2019objet du pr\u00e9sent\u00a0ouvrage, derri\u00e8re l\u2019apparente mont\u00e9e en puissance de la finance se cache en fait une transformation syst\u00e9mique. Cette transformation est qualifi\u00e9e ici de \u00abfinanciarisation\u00bb.<\/p>\n

\"Finance<\/p>\n

Table des mati\u00e8res<\/strong><\/p>\n

AVANT-PROPOS<\/p>\n

INTRODUCTION
\nMise en perspective
\nUn contexte propice
\nUn peu d\u2019\u00e9pist\u00e9mologie
\nLa financiarisation \u2013 une transformation syst\u00e9mique
\nLa structure du rapport<\/p>\n

PARTIE I : L\u2019ICEBERG DE LA FINANCE<\/p>\n

1.1 LE CONTEXTE HISTORIQUE DU D\u00c9VELOPPEMENT DE LA FINANCE
\nLes \u00ab ann\u00e9es euphoriques \u00bb
\nDe la monnaie servante \u00e0 la monnaie ma\u00eetresse
\nL\u2019informatique : l\u2019euphorie technologique
\nL\u2019\u00e9clatement de la monnaie<\/p>\n

1.2 LES ACTEURS ET LES INSTITUTIONS
\nLe march\u00e9 \u2013 une m\u00e9canique pour inspirer la confiance
\nLes m\u00e9ga-acteurs
\nLes gardiens du temple du march\u00e9
\nLes d\u00e9ficits publics et leur mode de financement<\/p>\n

1.3 LA FINANCE DANS LA WELTANSCHAUUNG
\nEthos de l\u2019efficacit\u00e9
\nRisque et rendement : un paradigme s\u00e9duisant
\nLe risque, la peur du risque, un avenir sans risque
\nDe l\u2019int\u00e9r\u00eat \u00e0 la cupidit\u00e9 : la passion d\u00e9cha\u00een\u00e9e<\/p>\n

PARTIE II : L\u2019AFFIRMATION D\u2019UNE COH\u00c9RENCE<\/p>\n

2.1 LA RELATION ET LA TRANSACTION FINANCI\u00c8RES
\nLes relations de financement
\nDe la relation \u00e0 la transaction financi\u00e8re
\nLa transaction financi\u00e8re<\/p>\n

2.2 VERS LA PR\u00c9\u00c9MINENCE DE LA TRANSACTION
\nLa dynamique institutionnelle
\nLe march\u00e9 financier \u2013 caisse de r\u00e9sonance
\nVers une finance d\u2019interm\u00e9diation pure
\nRelation \u2013 transaction : ordres de grandeur statistiques
\nLa finance et le reste de l\u2019\u00e9conomie<\/p>\n

2.3 LES TR\u00c8S GRANDES ENTREPRISES: LE RELAIS DE LA FINANCIARISATION
\nLes tr\u00e8s grandes entreprises (TGE)
\nUne \u00e9conomie de marketing global
\nLa valeur des entreprises : les nouvelles formes du capital
\nShareholder value \u2013 la religion des nouveaux contrema\u00eetres
\nLe ROE est roi
\nLa proc\u00e9dure \u2013 le relais indispensable de l\u2019efficacit\u00e9<\/p>\n

2.4 LA FINANCIARISATION DU TISSU \u00c9CONOMIQUE
\nLes fournisseurs des TGE
\nLes PME \u2013 le \u00ab private equity \u00bb \u00e0 l\u2019aff\u00fbt<\/p>\n

2.5 LE CLIENT ARRIM\u00c9 \u00c0 L\u2019ENTREPRISE
\nMa\u00eetriser la dur\u00e9e de vie du produit
\nPersonnaliser le rapport au client
\nDissoudre le produit dans le service
\nAli\u00e9nation du consommateur l\u00e9nifi\u00e9<\/p>\n

2.6 LES AUTRES ASPECTS DE LA FINANCIARISATION
\nLe r\u00e8gne de l\u2019anticipation \u2013 les banques et leurs clients
\nL\u2019homme dans l\u2019\u00e9treinte de la financiarisation
\nLa finance \u2013 une r\u00e9ponse m\u00e9taphysique<\/p>\n

2.7 QUELLE COH\u00c9RENCE?<\/p>\n

PARTIE III : FINANCE SERVANTE OU FINANCE TROMPEUSE?<\/p>\n

3.1 LIMITES ENDOG\u00c8NES
\nLe spectre de la st\u00e9rilit\u00e9
\nLa complexit\u00e9
\nLa concentration du pouvoir \u00e9conomique<\/p>\n

3.2 LES LIMITES EXTERNES ANTHROPOLOGIQUES
\nLa transaction \u2013 au-del\u00e0 du conflit d\u2019int\u00e9r\u00eats
\nL\u2019ali\u00e9nation \u00e9thique
\nLe sentiment d\u2019impuissance<\/p>\n

3.3 QUE FAIRE ?
\nL\u2019\u00e9thique de la finance en question
\nPrivil\u00e9gier la relation et la dur\u00e9e
\nModifier les r\u00e9mun\u00e9rations
\nD\u00e9manteler l\u2019\u00e9pargne financi\u00e8re<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance servante ou finance trompeuse? Prof. Paul H. Dembinski, Paris, Descl\u00e9e de Brouwer, 2008, 200 pages. Les travaux r\u00e9alis\u00e9s durant […]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":53,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"page-templates\/full-width.php","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-86","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/86","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/comments?post=86"}],"version-history":[{"count":14,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/86\/revisions"}],"predecessor-version":[{"id":186,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/86\/revisions\/186"}],"up":[{"embeddable":true,"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/pages\/53"}],"wp:attachment":[{"href":"https:\/\/www.obsfin.ch\/fr\/wp-json\/wp\/v2\/media?parent=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}