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Monday, April 10, 2006

From Marginal Revolution: French economics

Marginal Revolution has a piece on French economics citing a survey of 22 countries. Every country in the survey had a majority of the respondents agree that the free-market economy was the best system, EXCEPT FRANCE.

Which comes as no surprise if watch the news on a regular basis. Which group is striking and/or protesting in France this week so they don't have to deal with the slings and arrows of the marketplace? One week its the farmers, the next its young people, etc.

If people don't compete, neither can their country. And competition within the EU will make that clear going forward. French entrepreneurs already go abroad to start new businesses rather than deal with all of the anti-reality regulations. Like overtime being outlawed, for example, even for executives.

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