France’s Bizarre Reason to Increase Economic Growth
French President, Francois Hollande, announced plans for business tax cuts and reiterated plans for some modest government spending cuts. Strangely, instead of focusing on the welfare of the French people should the economy continue to suffer, he pointed to the loss of national prestige and power said:
“It is imperative that France restores the power of its economy, There is no time to lose. France must rebound to retain its influence in the world and in Europe,”
Our friend David Goldman in his wonderful book, It’s Not the End of the World, It’s Just the End of You, has interesting historical analysis about France’s tendency to see itself in national messianic terms.
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