Mondialisation

Une entreprise américaine (Domino’s) dont le produit phare est d’origine italienne (pizza), qui se développe en Corée, en utilisant la France comme argument marketing (ratatouille).

C’est peut-être ça la mondialisation.

vu lu ou entendu cette semaine

« The $700 billion figure? « It’s not based on any particular data point, » a Treasury spokeswoman told Forbes.com Tuesday. « We just wanted to choose a really large number. »

A US Treasury spokesman (probably fired by now).

Full article here. The question is: are they going to use the same valuation method when buying the toxic assets…

vu lu ou entendu cette semaine

« The decisions that will be made this weekend matter not just to the prospects of the US economy in the year to come; they will shape the type of capitalism we will live in for the next fifty years. Do we want to live in a system where profits are private, but losses are socialized? Where taxpayer money is used to prop up failed firms? Or do we want to live in a system where people are held responsible for their decisions, where imprudent behaviour is penalized and prudent behaviour rewarded? For somebody like me who believes strongly in the free market system, the most serious risk of the current situation is that the interest of few financiers will undermine the fundamental workings of the capitalist system. The time has come to save capitalism from the capitalists. »

Luigi Zingales, a Robert C. Mc Cormack Professor of Entrepreneurship and Finance from the University of Chicago-GSB

L’article en entier ici. Le meilleur résumé de ce qui est en jeu: un problème de responsabilités collectives et individuelles et non de système économique.