France has been dirigiste since Louis XIV centralized all power under him, and the French leadership has been trapped in that intellectual straitjacket ever since. The idea of lowering the burden of government and letting market forces work is probably inconceivable to President Hollande -- and most of his people.
Tags » Dan Mitchell
The definition of socialism is, government ownership of the means of production. Many countries we call socialist today, don’t actually own the means of production, they just encumber the private owners of the means of production with rules, regulations, and taxes to the point that the businesses have limited freedom to make decisions concerning their business. 927 more words
A classically trained economist will always remind you that, “there is no such a thing as a free lunch.” With debate swirling in leftist circles around single payer and “free” healthcare, we need reminders of the impact of the loss of the profit incentive and the loss of an actionable feedback loop that the free market effectively provides. 337 more words