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'France is in need of a dose of Thatcherism'. Paris based Professorof Economics tells why France could do with its own dose of Thatcherism.



 
 
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Old April 12th, 2013, 02:59 PM posted to soc.retirement,uk.politics.misc,alt.horror,alt.politics.economics,rec.travel.europe
ПеаБраин[_4_]
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Posts: 97
Default 'France is in need of a dose of Thatcherism'. Paris based Professorof Economics tells why France could do with its own dose of Thatcherism.

'France is in need of a dose of Thatcherism'. Paris based Professor of
Economics tells why France could do with its own dose of Thatcherism.

Published: 09 Apr 2013 16:24 GMT+02:00 | Print version
"..With France suffering from an ailing economy, rising unemployment
and weekly strikes by trade unions protesting job cuts and austerity
measures, parallels have been drawn with Thatchers Britain of the
early 80s...
.....ts worrying economic situation and outlook did earn it the title
last year of the ticking time bomb at the heart of Europe from the
Economist magazine....
Thatchers death has added fuel to a debate in France over whether the
country needs the same liberal economic remedies that Thatcher
prescribed for Britain, to help reboot the ailing economy....
France could definitely do with a dose of Thatcherism. The country has
maxed out on state spending and has maxed out on debt. It needs a
change of thinking to get back to reality and realize that there are
market-based economies that are generating wealth. Many people forget
that.

"You just have to look at a recent report by the London School of
Economics which showed that up until 1980 the UK was growing at a much
slower rate than both Germany and France, but after Thatcher came to
power that all switched around, with France having the slowest growth
rate of the three, and Britain the fastest.

Whereas Britain was encouraging privatization and making labour laws
more flexible, the exact opposite was happening in France, where
Mitterrand was re-nationalizing big companies, which then had to be re-
privatized later, because it didnt work. They stiffened the labour
market laws until we ended up with a 35 hour week.

The private sector is currently being crowded out in France because
around 58 percent of Frances GDP is swallowed up by state spending in
national and regional governments. The public sector is taking up too
much responsibility....
France is in need of the product market competition that Thatcher
introduced in the UK. You need to have competitive markets because if
you dont you will have high prices, high costs, less profitability
and therefore you will be less competitive. Here you have
monopolization all across the board, whether its hotels, banks,
supermarkets - you name it.....

In terms of reducing the power of the unions - yes, France could do
with doing this too. ..they do carry a lot of clout. The problem with
the labour unions in France is that they protect those in jobs, but
there are lots of young people out there who cannot get jobs.

The difference between the UK then and France now is that the
economic situation in Britain made it ripe for a change and perfect
for Thatcherism and it allowed her to do what she did. It was really
the sick man of Europe.

"France is lagging behind and is ready for a major overhaul...."
  #2  
Old April 12th, 2013, 05:14 PM posted to soc.retirement,uk.politics.misc,alt.horror,alt.politics.economics,rec.travel.europe
Nickname unavailable[_3_]
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Default 'France is in need of a dose of Thatcherism'. Paris basedProfessor of Economics tells why France could do with its own dose of Thatcherism.

On Apr 12, 8:59*am, ПеаБраин wrote:


remember a corporation does not work for us it works for the
corporation first not rule of law: privatization is a direct assault
on our constitution, democracy, and human rights: privatization that
Mrs. Thatcher had*not warned them about.*Prices*did not decline
proportionally to cost cuts and productivity gains. Many services were
cut back, especially on the least utilized transport routes. The
largest privatized bus company was charged with cut-throat monopoly
practices.*The water*system broke down, while consumer charges leapt.
Electricity*prices*were shifted against residential consumers in favor
of large industrial users. Economic inequality widened as the
industrial labor force shrunk by two million from 1979 to 1997, while
wages stagnated in the face of soaring profits for the
privatized*companies. The tax cuts financed by their selloff turned
out to benefit mainly the rich.



http://www.brainyquote.com/quotes/au...mussolini.html

Fascism should more appropriately be called Corporatism because it is
a merger of state and corporate power.
Benito Mussolini

Fascism should rightly be called Corporatism, as it is the merger of
corporate and government power.
Benito Mussolini


"The perfect liberty they seek is the liberty of making slaves of
other people." -- Abraham Lincoln

http://www.alternet.org/margaret-tha...ake-life-worse


 




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