Normally, I am not all that interested in politics in France or much of Europe (yeah I'm the typical uninformed American). That said this fight that Sarkozy is fighting is very interesting to me.
I am an unabashed capitalist. I believe that the free markets for the most part are better than government at almost everything. So to me it is an education on Socialism's effects to look at France. Now, Sarkozy is attempting to fight many of the problems with Socialism with the cure - Capitalism. It appears that the Socialists are going to attempt to fight back.
I was just reading an article on the BBC website that is discussing the current state of affairs and it seems like the first real battle is going to be hard fought.
I really hope that Sarkozy is successful but I think that he is in for a long fight and will probably get a few bruises.
Showing posts with label Capitalism. Show all posts
Showing posts with label Capitalism. Show all posts
Wednesday, November 21, 2007
Tuesday, November 20, 2007
France's Current Issues
It looks like Nicolas Sarkozy may really be in for a battle in France. He is attempting to bring back some market sanity into a very socialized country. Of course, reform is not going to be easy and some people are going to find it extremely difficult because they are going to be expected to change.
The country currently has regulations that completely protect employees from losing their jobs. They have craddle to grave protections on pretty much everything. They also have serious economic problems. I think that most economists would say that deregulation would drastically help their economic problems. With all of the regulations, the companies can't be competitive which is causing a lot of their issues.
I believe that many of the battles Sarkozy is facing are some of the same battles that the Iron Lady - Margaret Thatcher faced in the UK in the 1980's. Many of her reforms were aren't all that popular at the time but history shows that it has been good for the country in the longer term.
Will history reflect as kindly on Sarkozy or will he just get derailed and get thrown out? It will be interesting to see Socialism fight Capitalism.
The country currently has regulations that completely protect employees from losing their jobs. They have craddle to grave protections on pretty much everything. They also have serious economic problems. I think that most economists would say that deregulation would drastically help their economic problems. With all of the regulations, the companies can't be competitive which is causing a lot of their issues.
I believe that many of the battles Sarkozy is facing are some of the same battles that the Iron Lady - Margaret Thatcher faced in the UK in the 1980's. Many of her reforms were aren't all that popular at the time but history shows that it has been good for the country in the longer term.
Will history reflect as kindly on Sarkozy or will he just get derailed and get thrown out? It will be interesting to see Socialism fight Capitalism.
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