Observatoire de la Finance2019-09-252019-09-252009-10-282008http://hdl.handle.net/20.500.12424/173714"The current financial turbulence is systemic in nature. It is a symptom of steadily increasing pressure that is undermining the material, social, and intellectual aspects and ethics of the liberal socio-economic system. In a recent report, the Observatoire de la Finance carried out an extensive analysis of this transformation. More emphasis will deflect the market economy from its principle vocation, that of promoting the dignity and well-being of humankind. Society is never set in stone; it is characterised by an on-going quest for the arrangements best adapted to a given time. Today is no exception. During the last thirty years, finance has constantly increased not only its share of economic activity but also of people’s world view and aspirations. We call the greater practical and conceptual role of finance “financialisation”. The Observatoire de la Finance dedicated its last report1 to the analysis of the multiple dimensions of financialisation. The report shows how financialisation has transformed both our economy and our society by increasingly organising it around the search for financial efficiency. Today, pushed to its extremes, this tendency is coming close to its breaking point.", p. 1.engWith permission of the license/copyright holderfinance ethicscommon goodEconomic ethicsTrade ethicsPreprint