This short film made with Seedance 2.0 is absolutely insane.The realism looks like a real movie — no one can…
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The financial community has lost all credibility
Here is my monthly column for May for the Economy supplement of the daily Le Monde. It was translated, courtesy of Bénédicte. For every attempt at a financial overhaul, a similar method has been used: consultation of the financial community by the authorities, followed by negotiations towards a compromise between the demands of both parties. The essential condition for such a method to succeed is that the financial industry would relate with the common good and recognize and promote the need to ensure a framework that maintains the sustainability of financial institutions without affecting the overall health of the economy.…
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The work method needs to be changed, right now!
In my most recent monthly column in Le Monde – Économie – published on May 9th, I point out the fact that underlying the negotiations held since 2008 in view of a financial overhaul, there is an implicit premise that the representatives of the financial community have the ability of relating with the common good. The period 2007 to 2009 provides us however with sufficient evidence to falsify such an optimistic hypothesis. I suggested in conclusion that appropriate measures be implemented now with no further consultation with the financial community. In his recent post entitled “C’est raté!” François Leclerc reports on the disastrous meeting of European finance ministers that was held on May 8th in Luxemburg. Since early last year, this was the umpteenth meeting aiming at solving…
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Where we stand, on May 8th 2011
www.pauljorion.com/en_blog www.pauljorion.com/blog One-day Conference in Paris on “Anthropology and the Crisis” #1 for financial and economic matters in the French-speaking world
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Capitalism’s highs and lows
I was asked to make the introductory speech at the Conference “Heurs et malheurs du capitalisme”, which took place at Université Blaise Pascal in Clermont-Ferrand on February 4th. Bénédicte has been so kind as to translate the written version of my speech. Capitalism’s highs and lows? When we talk these days of its highs, it is because its lows are so much – uncomfortably much – on our mind. But what exactly do we mean when we refer to “capitalism”? Many authors merely consider that capitalism is “any aspect of our current economic system”. For example, they mistake capitalism for…
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One-Day Conference : Anthropology of the Crisis of Contemporary Capitalism, Paris, May 3d 2011
International Study Day Anthropology of the Crisis of Contemporary Capitalism 3 mai 2011, 10h-17h, musée du quai Branly, 37 Quai Branly, 75007 Paris, Cinema Theater Convened by Jonathan Friedman (IRIS/EHESS) & Laurent Berger (LAS/MQB) Programme 10h-10h15 Jonathan Friedman (IRIS-EHESS) & Laurent Berger (LAS-MQB) « Introduction: Towards an anthropology of the crisis in capitalism » 10h15-11h Paul Jorion « How to become the anthropologist of the crisis » 11h-11h30 Discussion 11h30-12h15 Don Kalb (Central European University, Budapest and Utrecht University) « Financialization and Neo-nationalism in the New Old Europe » 12h15-12h45 Discussion LUNCH BREAK 14h30-15h15 Keith Hart (Goldsmiths University of London) « The financial crisis and the…
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HISTORY’S LESSONS
One thing is clear in retrospect: governments under the influence of the powers of money were a huge mistake. In the early days of the United States of America, Jefferson fought for a republic of citizens, Hamilton, for a republic of merchants. Hamilton won, that much is known. In the twentieth century, von Mises, von Hayek and their likes, drafted the charter of an irreversible takeover of nations by merchants, who would be the new aristocrats of a new feudal system. They did win, and then, the spirit of Hamilton invaded Europe. It would be cruel to recall the most…
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LE CAPITALISME À L’AGONIE, Fayard 2011
A couple of weeks ago, my new book Le capitalisme à l’agonie came out, published by Fayard in Paris. Bénédicte has been so kind as to translate the summary I wrote for its backcover. Le capitalisme à l’agonie (Fayard 2011). Summary In 1989, at the fall of the Berlin Wall, capitalism was triumphant. Deprived by now of any enemies, it had ceased to be just one economic system among others to become the single form under which an economic system could possibly exist. In 2007, a mere eighteen years later, that is for all purposes simultaneously on the timescale of…
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The mirage of a pluridisciplinary “science” of economics
This is a translation (by Bénédicte Kibler) of my most recent monthly column in the Economy supplement of the French daily Le Monde: Le mirage de la pluridisciplinarité. Robert J. Shiller, professor of economics at Yale University, has published recently, along with his wife Virginia, a psychologist, an article entitled “Economists as Worldly Philosophers” (Cowles Foundation Discussion Paper No. 1788, Yale University, March 2011). In their joint paper, the Shillers suggest that if economists were “Worldly Philosophers”, the double failure they have experienced in recent years could have been avoided: they haven’t been able indeed either to foresee the crisis…
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The street corner grocer’s mentality strikes again
Mr. Alan Greenspan, who headed the Federal Reserve, the U.S. central bank, for nearly twenty years, has recently committed an article in the Financial Times entitled “Frank-Dodd Fails to Meet test of our times.” (March, the 29th). The Dodd-Frank Act is a several thousand page long jumble of 243 separate regulations, thought of as a financial overhaul. That it is not up to the task goes without saying. A couple of basic principles such as a prohibition of wagers on price fluctuations would have done a much better job and would have filled a mere five pages. If I say…
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THIS BLOG HAS BEEN SLUGGISH…
… to say the least. And the reason wasn’t laziness, it was just simply the success of the French version of it which has taken all my energy, plus that of François when he joined me, plus that of Julien, when he joined the team. But this blog is about to be revived and the reason is not that there is less to do on the French version of the blog but that Bénédicte is about to join the team with a special assignment and dedication to this piece. More to come. Very soon!
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