The Parti socialiste won France’s second round of regional elections conclusively this Sunday, gathering over half the votes nationwide while President Nicolas Sarkozy’s conservatives trailed in second place with just a third of the electorate. The socialists already controlled twenty out of France’s 22 departments in Europe, gaining the island of Corsica this weekend. The […]
Government intervention in the economy is something of a tradition in France. As the the 2010 Index of Economic Freedom published by the Washington-based Heritage Foundation and The Wall Street Journal noted, French business “remains curtailed by the pervasive presence of the state in economic activity.” Government spends more than half of GDP and owns […]
Free markets are in retreat.
Twenty years after the end of the Cold War, capitalism is in recession. Capitalists have become a persecuted minority.
Europe’s massive deficit spending is finally catching up with it. As Stefan Theil writes for Newsweek, markets reacted sharply this week “after rating agencies downgraded the public debt of Greece and warned about the outlook for several others.” With a deficit running at over 12 percent of GDP, Greece runs a serious risk of becoming […]
The French president has little affection for the free market.
The French president attacks freewheeling Anglo-Saxon capitalism.
