Defending Dominant Classes: The Legitimation of Power in Face of International Financial Scandals

Defensa de las clases dominantes. La divisón del trabajo de legitimación puesta a prueba de los escándalos financieros

Anthony Amicelle () and Jean Bérard ()
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Anthony Amicelle: UdeM - Université de Montréal
Jean Bérard: ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay, ISP - Institut des Sciences sociales du Politique - ENS Cachan - École normale supérieure - Cachan - UPN - Université Paris Nanterre - CNRS - Centre National de la Recherche Scientifique

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Abstract: The article aims to carefully examine the reactions to the Panama Papers scandal in the light of the sociological literature on elites' resistance to stigmas. More specifically, this article is focused on the defensive narratives of the persons targeted by the wave of revelations in the media. It also sheds light on the responses from the French government and key commentators over the French media. In this respect, we argue that this range of positions expressed on such matters largely relates to a common guiding principle contributing to the protection of the existing financial order. Indeed, the relative diversity of reactions rather refers to a division of labour – for legitimating power and domination – between the owners of economic and financial capital, the holders of State power and journalists, editorialists as well as other experts and media personalities who express their ideas in the name of their cultural capital.

Keywords: finance; white collar crime; tax evasion; financial scandal; Panama papers; impunity; Finanzas; criminalidad de cuello blanco; evasión fiscal; escándalo financiero; Panama Papers; impunidad; criminalité en col blanc; évasion fiscale; scandale financier; impunité (search for similar items in EconPapers)
Date: 2017-12-24
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03471194
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Published in Revue de la régulation. Capitalisme, institutions, pouvoirs, 2017, Financiarisation et classes sociales, 22, pp.[en ligne]. ⟨10.4000/regulation.12435⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-03471194

DOI: 10.4000/regulation.12435

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