In the US these are rather banks that up

It continues to tell a story of the simple and clear crisis as a fable of La Fontaine. We are told that the cobbler was corrupt by the ugly financial. And if behind the good cobbler was hiding a cicada having entrusted his work to the Ant and that without strong at the end of the summer, was forced to "dancing now"

The second half of the 20th century is dominated by the absolutism of the consumers in rich countries. A consumer-King reigning on three realms simultaneously. The first is global competition that forces the company and its employees to violence to meet the demanding consumer.

The second Kingdom, is the emergence of the BRICs. The rich Western consumer abandons the effort of working and savings to the emerging world: Chinese industry, Indian services, Brazilian agriculture. Thus, the King found the martingale to be at the same time the fickle customer and producer under pressure. It boot into touch by colonizing the new world willing.

In the third Kingdom, appetite comes while eating, and consumer-King wants to catch. Then, in Europe, the welfare States to abandon deficit to increase transfers without taking too much middle-class. In the US, these are rather banks that up. And the emerging, cannot dispense with a voracious Western consumer, then the feast by recycling their savings to finance the welfare of their clients. The rate of growth in the years 2000 becomes exceptional, and it is the consumer of the rich debate the measure.

Yet this sumptuous deal global win-win, as our Chinese friends, turns to vinegar. This leaves us at the end of the golden age when cicadas were singing while ants économisaient and worked.

First, the springs of Western consumption relax with a serious round of screws to the public and private debt. Then, the emerging won't always credit in a dilapidated international monetary system. Today, it is the euro which is battered, but bankruptcy of California is worth of all gathered PIGS, and the Tower of the dollar will come. Finally, emerging exports feed largely on imported intermediate consumption from the industrialized countries, and the Germany remains the world's leading exporter. This acceptable compromise does not resist the self-sufficiency effort led by the BRICs.

Why Western middle classes to feel seriously threatened Is this the erosion of their pensions and unemployment of their children Is this support to the most disadvantaged, since "do pay the rich" in the West is pressurized the middle classes; as more than half of the millionaires in the world are already in Asia Is this the gap widened with the ruling classes taking advantage of the shareholders of global companies, although globalization has fostered the cheap mass consumption The real threat is that the comfort of the cicadas and the dumping of ants cease to stand by the goatee. Moreover, our employees complain of hard working conditions imposed by the greed of international competition. Unlike the vulgate politico-médiatique, it is not the rich who threaten our middle class: these are the poor in emerging countries, who are legitimately trying to join the middle class at all costs. Rich and poor of our old world are on a same Galerius.

What will look like the end of the Western consumer-King End resigned to the Japanese Tragic end, such protectionism of the 1930s But why not a serious purpose where the West returned to work to pay for its use Our companies will have to invest much more, and be of interest to all their employees to create value in generalizing the stockoptions. It will have to negotiate with ants, which have zero desire to kill the goose Western Gold egg! Not, of course, ask them to play as early as now cicadas: it has already missed with the Germans! But a little better share the anthill. As does precisely the Germany with China.

The emerging know well indeed with which they rely. Deem in! A large Chinese banker who I asked what currency he placed the own account of the Bank made me this response, terrifying to many ways: 40 in dollars, 20 in euros, the rest in various currencies, including the deutsche Mark!