{"id":10708,"date":"2026-07-08T09:58:02","date_gmt":"2026-07-08T07:58:02","guid":{"rendered":"https:\/\/vendome-investment.com\/?p=10708"},"modified":"2026-07-08T09:58:06","modified_gmt":"2026-07-08T07:58:06","slug":"ou-nous-porte-le-vent","status":"publish","type":"post","link":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/","title":{"rendered":"O\u00f9 nous porte le vent?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Depuis plusieurs ann\u00e9es, et tout particuli\u00e8rement depuis la crise sanitaire de 2020, les \u00c9tats occidentaux semblent avoir perdu leur boussole. Les gouvernements sont soumis \u00e0 la dictature de l\u2019imm\u00e9diat et godillent pour \u00e9viter les \u00e9cueils, sans pour autant parvenir \u00e0 les contourner. Ils essaient d\u2019\u00e9teindre les incendies qui se multiplient avec, comme seul fil conducteur, un endettement croissant. Le taux de dette publique de la France a d\u00e9pass\u00e9 117&nbsp;% du PIB au premier trimestre 2026. Pour m\u00e9moire, il \u00e9tait inf\u00e9rieur \u00e0 60&nbsp;% au d\u00e9but du si\u00e8cle et \u00e0 25&nbsp;% en 1981. Nul ne sait vraiment comment arr\u00eater ce train d\u2019enfer ! La dette est devenue une fatalit\u00e9 qui ronge nos finances publiques et nous expose \u00e0 des lendemains sombres. L\u2019argent magique appartient aux contes de f\u00e9es. Le plus grave, dans cette histoire, est que l\u2019argent public n\u2019est pas consacr\u00e9 au financement de projets d\u2019avenir, porteurs de croissance. Les infrastructures de la France vieillissent, les \u00e9quipements militaires sont hors d\u2019\u00e2ge et en nombre insuffisant. Or, \u00e0 l\u2019Assembl\u00e9e nationale, et cela ne date pas d\u2019hier, le concours L\u00e9pine du toujours plus de d\u00e9penses est toujours d\u2019actualit\u00e9. Nul ne veut r\u00e9ellement se poser la question de la croissance, ni celle des moyens de l\u2019accro\u00eetre pour faire face aux d\u00e9penses publiques. Dans une surench\u00e8re populiste, le plus petit d\u00e9nominateur commun est la reconduction des politiques pass\u00e9es. Ne rien changer jusqu\u2019\u00e0 la disparition compl\u00e8te du navire dans les flots. Je crains que la campagne pr\u00e9sidentielle ne rime, encore une fois, avec d\u00e9magogie. \u00c0 la sortie de la Seconde Guerre mondiale, le pays \u00e9tait exsangue et fragment\u00e9 sur le plan politique. La dette publique d\u00e9passait alors 250&nbsp;% du PIB. Pour autant, gr\u00e2ce \u00e0 un effort de tous les Fran\u00e7ais, le pays s\u2019est relev\u00e9. Cela n\u2019a \u00e9t\u00e9 rendu possible que par l\u2019accroissement du volume de travail. Les salari\u00e9s \u00e0 temps complet travaillaient alors plus de 2 000 heures par an, contre 1 600 heures aujourd\u2019hui. En aucun cas, je ne souhaite le retour \u00e0 la norme de 1950, mais je pense que nous pouvons accepter de travailler davantage, avec \u00e0 la cl\u00e9 une r\u00e9mun\u00e9ration plus \u00e9lev\u00e9e pour les salari\u00e9s, notamment pour ceux dont les revenus sont les plus faibles. La r\u00e8gle du donnant-donnant doit s\u2019appliquer. Pour nous en sortir, la revalorisation du travail est une ardente obligation. Il ne faut pas oublier que, si la France avait un taux d\u2019emploi \u00e9quivalent \u00e0 celui de l\u2019Allemagne, une grande partie de ses d\u00e9ficits publics serait effac\u00e9e.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Jean-Pierre Thomas<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pr\u00e9sident de Thomas Vend\u00f4me Investment<\/strong><strong><br><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Depuis plusieurs ann\u00e9es, et tout particuli\u00e8rement depuis la crise sanitaire de 2020, les \u00c9tats occidentaux semblent avoir perdu leur boussole. Les gouvernements sont soumis \u00e0 la dictature de l\u2019imm\u00e9diat et godillent pour \u00e9viter les \u00e9cueils, sans pour autant parvenir \u00e0 les contourner. Ils essaient d\u2019\u00e9teindre les incendies qui se multiplient avec, comme seul fil conducteur, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":10709,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,24],"tags":[],"class_list":["post-10708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-edito","category-publications"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment\" \/>\n<meta property=\"og:description\" content=\"Depuis plusieurs ann\u00e9es, et tout particuli\u00e8rement depuis la crise sanitaire de 2020, les \u00c9tats occidentaux semblent avoir perdu leur boussole. Les gouvernements sont soumis \u00e0 la dictature de l\u2019imm\u00e9diat et godillent pour \u00e9viter les \u00e9cueils, sans pour autant parvenir \u00e0 les contourner. Ils essaient d\u2019\u00e9teindre les incendies qui se multiplient avec, comme seul fil conducteur, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/\" \/>\n<meta property=\"og:site_name\" content=\"Thomas Vend\u00f4me Investment\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-08T07:58:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-08T07:58:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1714\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ilena-tvi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ilena-tvi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/\"},\"author\":{\"name\":\"ilena-tvi\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#\\\/schema\\\/person\\\/13cc40bce63046606e2c5d152cceb004\"},\"headline\":\"O\u00f9 nous porte le vent?\",\"datePublished\":\"2026-07-08T07:58:02+00:00\",\"dateModified\":\"2026-07-08T07:58:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/\"},\"wordCount\":452,\"publisher\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/joannecsj-sailboat-5152068-scaled.jpg\",\"articleSection\":[\"L'\u00e9dito\",\"Publications\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/\",\"url\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/\",\"name\":\"O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/joannecsj-sailboat-5152068-scaled.jpg\",\"datePublished\":\"2026-07-08T07:58:02+00:00\",\"dateModified\":\"2026-07-08T07:58:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#primaryimage\",\"url\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/joannecsj-sailboat-5152068-scaled.jpg\",\"contentUrl\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/joannecsj-sailboat-5152068-scaled.jpg\",\"width\":2560,\"height\":1714},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/ou-nous-porte-le-vent\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"O\u00f9 nous porte le vent?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/\",\"name\":\"Thomas Vend\u00f4me Investment\",\"description\":\"founded by Jean-Pierre Thomas\",\"publisher\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#organization\",\"name\":\"Thomas Vend\u00f4me Investment\",\"url\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/logo-tvi.svg\",\"contentUrl\":\"https:\\\/\\\/vendome-investment.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/logo-tvi.svg\",\"width\":1,\"height\":1,\"caption\":\"Thomas Vend\u00f4me Investment\"},\"image\":{\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/thomasvendomeinvestment\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/vendome-investment.com\\\/en\\\/#\\\/schema\\\/person\\\/13cc40bce63046606e2c5d152cceb004\",\"name\":\"ilena-tvi\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/","og_locale":"en_US","og_type":"article","og_title":"O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment","og_description":"Depuis plusieurs ann\u00e9es, et tout particuli\u00e8rement depuis la crise sanitaire de 2020, les \u00c9tats occidentaux semblent avoir perdu leur boussole. Les gouvernements sont soumis \u00e0 la dictature de l\u2019imm\u00e9diat et godillent pour \u00e9viter les \u00e9cueils, sans pour autant parvenir \u00e0 les contourner. Ils essaient d\u2019\u00e9teindre les incendies qui se multiplient avec, comme seul fil conducteur, [&hellip;]","og_url":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/","og_site_name":"Thomas Vend\u00f4me Investment","article_published_time":"2026-07-08T07:58:02+00:00","article_modified_time":"2026-07-08T07:58:06+00:00","og_image":[{"width":2560,"height":1714,"url":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg","type":"image\/jpeg"}],"author":"ilena-tvi","twitter_card":"summary_large_image","twitter_misc":{"Written by":"ilena-tvi","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#article","isPartOf":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/"},"author":{"name":"ilena-tvi","@id":"https:\/\/vendome-investment.com\/en\/#\/schema\/person\/13cc40bce63046606e2c5d152cceb004"},"headline":"O\u00f9 nous porte le vent?","datePublished":"2026-07-08T07:58:02+00:00","dateModified":"2026-07-08T07:58:06+00:00","mainEntityOfPage":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/"},"wordCount":452,"publisher":{"@id":"https:\/\/vendome-investment.com\/en\/#organization"},"image":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#primaryimage"},"thumbnailUrl":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg","articleSection":["L'\u00e9dito","Publications"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/","url":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/","name":"O\u00f9 nous porte le vent? &#8226; Thomas Vend\u00f4me Investment","isPartOf":{"@id":"https:\/\/vendome-investment.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#primaryimage"},"image":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#primaryimage"},"thumbnailUrl":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg","datePublished":"2026-07-08T07:58:02+00:00","dateModified":"2026-07-08T07:58:06+00:00","breadcrumb":{"@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#primaryimage","url":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg","contentUrl":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2026\/07\/joannecsj-sailboat-5152068-scaled.jpg","width":2560,"height":1714},{"@type":"BreadcrumbList","@id":"https:\/\/vendome-investment.com\/en\/ou-nous-porte-le-vent\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/vendome-investment.com\/en\/"},{"@type":"ListItem","position":2,"name":"O\u00f9 nous porte le vent?"}]},{"@type":"WebSite","@id":"https:\/\/vendome-investment.com\/en\/#website","url":"https:\/\/vendome-investment.com\/en\/","name":"Thomas Vend\u00f4me Investment","description":"founded by Jean-Pierre Thomas","publisher":{"@id":"https:\/\/vendome-investment.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vendome-investment.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/vendome-investment.com\/en\/#organization","name":"Thomas Vend\u00f4me Investment","url":"https:\/\/vendome-investment.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/vendome-investment.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2023\/01\/logo-tvi.svg","contentUrl":"https:\/\/vendome-investment.com\/wp-content\/uploads\/2023\/01\/logo-tvi.svg","width":1,"height":1,"caption":"Thomas Vend\u00f4me Investment"},"image":{"@id":"https:\/\/vendome-investment.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/thomasvendomeinvestment\/"]},{"@type":"Person","@id":"https:\/\/vendome-investment.com\/en\/#\/schema\/person\/13cc40bce63046606e2c5d152cceb004","name":"ilena-tvi"}]}},"_links":{"self":[{"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/posts\/10708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/comments?post=10708"}],"version-history":[{"count":1,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/posts\/10708\/revisions"}],"predecessor-version":[{"id":10711,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/posts\/10708\/revisions\/10711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/media\/10709"}],"wp:attachment":[{"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/media?parent=10708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/categories?post=10708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vendome-investment.com\/en\/wp-json\/wp\/v2\/tags?post=10708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}