Analysis: François Hollande has not explained how he will rescue France’s stricken economy

There was talk of “restoring the frontiers”, promises of social protection,
economic protectionism, creation of new public sector jobs, higher
purchasing power—more money in people’s pockets.

Globalisation, which requires the recovery of a lost competitiveness to
reverse decline, did not figure in the debates.

Nor did Europe, which is demanding, on pain of fines, strict budgetary discipline.

Nor did the reduction in public spending in general, let alone cuts in spending
on social programmes.

Instead of encouraging economic success, which would promote growth, there
were attacks on company bosses and bankers.

By an irony of history, the electors have chosen a second Socialist president
at the moment when the acceleration of the deconstruction of the welfare
state is the only option.

While the agenda of the new term has not really been the subject of discussion,
it involves a profound reform of the French social model.

Since the emergence of an absolute monarchy in the 16th century, France has
been dominated by the idea of an omnipotent state. In France social crises
take place when the state can no longer function because people does not
know how operate in its absence.

The Left is taking on a momentous burden as it dismantles a social model
designed to be irreplaceable.

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes