Monday, November 23, 2015

What the French Economy Needs? Free Markets

As reported in today's WSJ, the French economy is, at minimum, 57 percent government.  But that is a gross, gross understatement.  In reality, the true number is more likely 75 percent, because there are so many "private" businesses that exist only to satisfy the needs and demands of the government.  The private sector is, then, likely a meagre one-fourth of the economy.  How much economic growth can anyone anticipate from that?  None

The plight of the French Muslim minority is that their youth have an unemployment rate exceeding 40 percent. Not finding work, they find other things to do.

Absence of free markets breeds problems.  France's future is bleak under socialism.  Only the return of free markets offers hope for the future.

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