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Monday, April 16, 2007


THE SAD DECLINE OF FRANCE: FRENCH FLEE STAGNANT ECONOMY 

French flee stagnant economy - Europe - MSNBC.com

When a rich, western nation embraces socialism then only bad things can happen. France is a perfect example. It's meddlesome government passes thousands of economic regulations per year but the French economy only worsens.

Private companies can't fire underperforming workers. Young, eager workers can't get hired at struggling, stagnant firms. The welfare system is too big for France to properly manage. The famed republic is in decline.

France is a disaster.



Half of French households live on less than $1,990 in income per month. Unemployment hasn’t fallen below 8 percent since 1984. Public debt has quintupled since 1980 to fund a welfare state that more people depend on for survival. Imports are spiking and fueling a ballooning trade deficit. France was among the top 10 richest countries per capita a generation ago — today’s it’s slipped to 17th place.


Will France hear the wake-up call and realize that capitalism is its salvation?


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