La protection sociale financiarisée selon BlackRock

The present text, written by political economists, criticially assesses a report submitted by BlackRock experts to the French government regarding a potential reorganisation of the country’s pension system. BlackRock is an American multinational specialising in financial asset management. Founded in...

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Main Author: Camille Noûs
Format: Article
Language:fra
Published: La Nouvelle Revue du Travail 2020-05-01
Series:La Nouvelle Revue du Travail
Subjects:
Online Access:https://journals.openedition.org/nrt/6619
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author Camille Noûs
author_facet Camille Noûs
author_sort Camille Noûs
collection DOAJ
description The present text, written by political economists, criticially assesses a report submitted by BlackRock experts to the French government regarding a potential reorganisation of the country’s pension system. BlackRock is an American multinational specialising in financial asset management. Founded in 1988, it now manages more than $7 billion, a sum 20 times greater than France’s entire state budget and twice as large as the US federal budget. The article looks at the political-economic forces steering, in today’s era of reform, neoliberal governments’ social policy decisions, while deconstructing the political processes that could give birth to systems based on a mandatory capitalisation of pensions. Bearing in mind that present and future retirement incomes have fallen in the UK by anywhere between 20% and 40% since the pension system’s partial capitalisation, the arguments featured in this text have a definite resonance today.
format Article
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institution Kabale University
issn 2263-8989
language fra
publishDate 2020-05-01
publisher La Nouvelle Revue du Travail
record_format Article
series La Nouvelle Revue du Travail
spelling doaj-art-01402321aaca43feb0c32b84e5fbd9422025-08-20T03:47:44ZfraLa Nouvelle Revue du TravailLa Nouvelle Revue du Travail2263-89892020-05-011610.4000/nrt.6619La protection sociale financiarisée selon BlackRockCamille NoûsThe present text, written by political economists, criticially assesses a report submitted by BlackRock experts to the French government regarding a potential reorganisation of the country’s pension system. BlackRock is an American multinational specialising in financial asset management. Founded in 1988, it now manages more than $7 billion, a sum 20 times greater than France’s entire state budget and twice as large as the US federal budget. The article looks at the political-economic forces steering, in today’s era of reform, neoliberal governments’ social policy decisions, while deconstructing the political processes that could give birth to systems based on a mandatory capitalisation of pensions. Bearing in mind that present and future retirement incomes have fallen in the UK by anywhere between 20% and 40% since the pension system’s partial capitalisation, the arguments featured in this text have a definite resonance today.https://journals.openedition.org/nrt/6619financialisationpensionscapitalisationBlackRock
spellingShingle Camille Noûs
La protection sociale financiarisée selon BlackRock
La Nouvelle Revue du Travail
financialisation
pensions
capitalisation
BlackRock
title La protection sociale financiarisée selon BlackRock
title_full La protection sociale financiarisée selon BlackRock
title_fullStr La protection sociale financiarisée selon BlackRock
title_full_unstemmed La protection sociale financiarisée selon BlackRock
title_short La protection sociale financiarisée selon BlackRock
title_sort la protection sociale financiarisee selon blackrock
topic financialisation
pensions
capitalisation
BlackRock
url https://journals.openedition.org/nrt/6619
work_keys_str_mv AT camillenous laprotectionsocialefinanciariseeselonblackrock