Something Terrible Is Happening in France | Economics Explained

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athompson

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Something Terrible Is Happening in France | Economics Explained


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France’s problems arguably go back 200 years to their slow and steady approach to adopting industrialisation. While many other countries can learn from…

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38 Comments

  1. Respectfully, this video has two problems: the characterisation of people as "fringe economists" who regard the private sector as being able to provide many of the things which the public sector does is really just demagoguery. They aren't fringe at all — economic libertarianism is quite mainstream, though certainly not a majority. Please let's stop smearing people for the crime of having a different view.

    Secondly, to state the difference as "small" between the private and public sectors is eyebrow-raising. The state and private sector each have their roles, but they do not compete fairly or generally in the same realms. One has the coercive power of taxation, which is compulsory. See Cuba, Venezuela, or the former Soviet Union — starvation and deprivation is the order of the day, except for the elite ruling class.

  2. Sounds like workers in other big economies need to fight for the rights that French workers have, not the other way around.

    We can globally, collectively agree to suffer for our owners or prosper as communities.

  3. Why are you using AI generated "old" pictures? I'm pretty sure your editor could have found some real images of REAL people and businesses easily. Stop using AI generated images or I'm going to switch to other similar channels that respect history.

  4. Nairu will not happen in france. Because they are a part of the eu. So french companies can hire workers from any part of the eu. Which will keep wages down.
    They do have strong unions that can demand wages in line with inflation though.