Sunday, June 7, 2015

How Socialism Affected France

Electing a socialist as president to recover from a recession is possibly one of the most short-sighted and counterproductive feats of contemporary Western Civilization.

Since the election of Socialist Francois Hollande, France has had the lowest level of new business start ups in the developed world. It has a massive deficit caused by a social security and state employment system it can no longer afford. The unemployed it will create from changing that system won't find new jobs in the private sector because the private sector cannot grow with France's current labor laws. The job market depletes on a daily basis. France continues to import third world non-contributors at an astonishing rate.

This could be a turning point.

France's collapse within the next few years is inevitable, it cannot sustain any growth and eventually will default on debts, and maturity bonds will rape the nation to indigence.

No comments:

Post a Comment