C-1-c Financial Logic vs. Productive Logic[article (C-1-c) Logique financière vs logique productive]

Using a critical approach, this article analyses the statements regulating the subsumption of the financial logic on the logic of production of wealth (goods and services), then it considers the perception of this subsumption by employees (interpretative approach) and finally it exposes other logics of production (inventive approach). The forces which push to maintain, in disregard of all justice, rules of appropriation of the means of production which are totally advantageous to the shareholders (see Article (C-1-a) Critique of the shareholder and Marxist discourse on the processes of acquisition and enrichment) are certainly the same as those which subsume the logic of production and provision of goods and services with a financial logic. Indeed, beyond a logic of production often put forward in the sociology of labour, there is another logic, a financial logic which parasitizes a logic of production and its annoying and unpleasant heaviness, as Karl Marx writes. In the sociology seminars attended, there is often talk of production and financialisation, but without sufficiently emphasising the logics which distinguish them. In the chapter "Elucidation of the fundamental premises of production and accumulation", we show that each of these logics leads to different organisations, procedures and performance indicators. In the chapter "Interpretative approach of employees" we show that these procedures and standards are in general well differentiated by employees. Finally, in the chapter "Inventive approach" we show that other ways of production are of course possible.