The French go to the polls soon. Hopefully Le Pen gets a beating from the electorate.
https://www.google.co.uk/amp/www.te...ntial-election-2017-does-work-candidates/amp/
Why do you want Le Pen to lose? This isn't the odious Jean-Marie Le Pen, but his daughter, who is a mainstream politician.
The problem is this. France has the same population as the UK, but 7 million unemployed between the two types of unemployment benefit.
The country finds itself in a situation in which its heavy and light industry is relocating eastwards to the likes of Slovakia, with increasing unemployment as a result.
You could argue that the country should therefore reduce the burden on employers in terms of the social cost of employing people. But that is a complete non-starter as a principle in France: the idea of becoming like the USA or the UK with large numbers of working poor is completely unacceptable to French voters of every persuasion.
We are all familiar with the massive problems in the USA of single mothers working two minimum wage jobs while their kids do no homework and end up with the boys in gangs by the age of 18 and the girls pregnant. In America that is generally simplified to mean there is a flexible and low-coast workforce. In France that is considered to be utterly unacceptable, and to be avoided at all costs.
So France is in a situation in which it has mass unemployment, but 90% of the population would rather pay higher-than-US/UK taxes for those single mothers to be at home on benefits than working two jobs.
So if it's not acceptable to cut social benefits or undergo austerity, what are the options?
EMMANUEL MACRON and
FRANCOIS FILLON both effectively mean more of the same.
Permanent 7 million unemployment.
Ongoing movement of jobs out of France and to the likes of Slovakia.
This is considered to be the least radical option, and they are heavily favoured by the markets. But to be honest, Macron or Fillon would just prolong the current malaise.
JEAN-LUC MELENCHON is a hard-left figure. And
MARINE LE PEN is a hard-right figure. But to be honest, their policies on the economy and the EU actually converge.
But more than that, their policies are probably the only economically sane and rational ones. And no, that is not a misprint.
You have to accept the following as non-negotiable conditions with the French public:
1.
No working poor: the existing minimum wage of US$11 per hour is 50% higher than the US one, and is not on the table for reduction under ANY circumstances.
2.
No working of excessive hours: the maximum 35 hour week is generally accepted and the only politically palatable change would be to the Swedish maximum 32 hour week.
3.
No further increase in retirement age: currently the minimum retirement age for a full pension is 62, which is gradually being increased, but there is also a non-negotiable MAXIMUM age of 67 before retirement.
These three non-negotiable pillars of French society effectively mean that Macron and Fillon cannot resort to pulling the conventional levers of economic management. It's a no-go zone.
In effect, Le Pen and Melenchon offer different levers to be pulled. They would both end up taking France out of the Euro and out of the EU, and would introduce punitive import taxes.
And to be honest, that's probably the only way that France can live in the style to which it's accustomed.