Show Less
Restricted access

Monnaie et citoyenneté

Les citoyens à l’épreuve de la globalisation financière

Virgile Perret

La monnaie n’est-elle qu’un instrument au service de l’économie ou joue-t-elle un rôle dans la définition des relations entre les membres d’une communauté politique ? Située au carrefour des Etats et des marchés, des sphères publiques et privées, la monnaie est un phénomène complexe qui semble bien éloigné de la vie des citoyens. Or, cet ouvrage montre que la monnaie contribue non seulement à la construction de la souveraineté politique, mais aussi à la reconnaissance de droits aux citoyens et au renforcement de la cohésion sociale. A partir d’une approche qui combine les apports de l’économie politique internationale et de l’école de la régulation, il analyse le rôle de la monnaie dans le contexte du système monétaire de Bretton Woods (1944) et de sa transformation avec le développement de la globalisation financière depuis les années 1970. Si la monnaie a été mise au service d’un principe de protection des droits sociaux contre les pressions financières après la Seconde guerre mondiale, elle contribue aujourd’hui à transformer en profondeur la solidarité sociale et le rôle des citoyens face à la gestion de leur avenir économique.
Show Summary Details
Restricted access

Abstract

Extract



Money has been studied by heterodox economists, sociologists and historians who stressed its relationship to collective order. However, it has hardly been analysed from the viewpoint of its relationship to citizenship. We propose a theoretical account of four types of functions (political, symbolic, socioeconomic and psychoaffective) enabling money to operate as a mediation of citizenship. From a perspective that combines the contributions of international political economy and the regulation school, we show that this mediation mobilises not only national sociopolitical mechanisms, but also international mechanisms which feed back on the domestic sphere of states and affect their capacity to define their regime of citizenship. This relationship is analysed in the context of the institutionalisation of the international monetary system of Bretton Woods (1944) and the development of financial globalization since the 1970s. If money has served to protect the social rights of citizens against external financial pressures after the Second World War, today it contributes to the opening of the domestic sphere of states to transnational capital flows and to the creation of a political and legal order favorable to the rights of investors. This dynamic is driven by the rise of new financial intermediaries (in particular rating agencies and institutional investors) and the simultaneous emergence of a new form of state legitimized from a neoliberal political discourse emphasizing the quest for competitiveness, reduced social protection and individual responsibilization. It results in the privatization of pension systems and the development of policies of financial education that encourage citizens...

You are not authenticated to view the full text of this chapter or article.

This site requires a subscription or purchase to access the full text of books or journals.

Do you have any questions? Contact us.

Or login to access all content.