In a column in Le Monde, Michel Rocard, former French Prime Minister from 1988 to 1991, explains how within the three last decades, capitalism transformed itself and underwent an internal revolution, which became apparent in banking by an overweening greed explaining the spread of derivative products, incredibly highly-paid jobs as well as an obvious tendency to cheating and immorality being at work in the business of the subprimes and the securitization of dubious financial claims. The undergone revolution emerged in the real economy with the hardening of company shares pressure, of which there was almost no trace before 1980, which was then organised by pension, investment or hedge funds and consolidated by the coming to power or the composition of blocking minorities by all those funds in almost all the actual companies. One wants earnings in stocks and shares, even if it means crushing companies' practices. Is there any need to remind of the crazy reference to the 15% of financial yield required by the funds for a time? The diagnosis is crystal-clear: the upper middle classes of the developed countries are giving up the hope of living comfortably as a result of their work for the hope of making quick and massive earnings in stocks and shares, in short, to make one's fortune. Such a sociological behaviour is incompatible with a good running and, above all, the stability of the system. For half a century now, international social democracy is trying to make clear that the markets are not self-stabilizing and that it is necessary to regulate the economy and the financial world as well as to fiscally fight inequalities. The facts and the crisis tragically prove it right. Nevertheless, social democracy has just massively lost the European elections all over Europe. Voters, by voting everywhere for the conservatives, the forces that led us to the crisis, have shown their commitment to the model of a financialized capitalism. The hope for stock-exchange earnings, fortune and lucre became vivid. The result does not leave faith in a serious political sustained approach to tackling actual economic weaknesses. How many crises do we have to undergo in order to convince the peoples? In any case, the mechanism for them to happen again seem to be engaged. Full Le Monde's article here.