Coming to Grips With Capitalism
By David Aikman
Beyond the News
"Last fall, the world watched in amazement as hundreds of cars were torched and thousands of youths rioted in France's suburban immigrant communities. A few days ago, the world watched in equal amazement as millions of Frenchmen and women protested a new law that would give employers the right not to have to employ young people for life. Millions of French people seem to think that they can live a cosseted welfare lifestyle while the rest of the world passes them by.
A global opinion poll showed recently that only 36 percent of French people believe that liberal capitalism is a good thing. The corresponding number for the U.S. was 71 percent--and in China the support for the free market was an amazing 75 percent.
Globalization is often painful, but France's preferred alternative of national protectionism is an even more painful delusion."
Beyond the News
"Last fall, the world watched in amazement as hundreds of cars were torched and thousands of youths rioted in France's suburban immigrant communities. A few days ago, the world watched in equal amazement as millions of Frenchmen and women protested a new law that would give employers the right not to have to employ young people for life. Millions of French people seem to think that they can live a cosseted welfare lifestyle while the rest of the world passes them by.
A global opinion poll showed recently that only 36 percent of French people believe that liberal capitalism is a good thing. The corresponding number for the U.S. was 71 percent--and in China the support for the free market was an amazing 75 percent.
Globalization is often painful, but France's preferred alternative of national protectionism is an even more painful delusion."
posted by HeavyHanded at
9:42 AM
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