“French industry has been ruined by overly powerful unions and their political allies in the Socialist Party. One would be crazy these days to open a factory in France with its absurd 35-hour work week, endless vacations, surly unions, strikes, and social costs that add 50% to worker’s salaries. Laying off workers during downturns or closing plants involves siege warfare. French universities keep churning out unemployable graduates in social anthropology, sociology, and film-making. Government in France employs 56% of all workers, an unsustainable cost that, with retirement at 60 and unemployment benefits – now 32% of GDP – is bleeding the economy to death.”
http://ericmargolis.com/2013/06/is-la-vie-en-rose-over-for-france/
Related posts:
Nothing 'Orderly and Humane' about this chapter of WWII history
The Case for Abolishing the Department of Homeland Security
Jeffrey Tucker: Is Bitcoin Real or Not?
'Teen Culture', The Imperialism Of Consumerism
Jacob Hornberger, America: a Military Nation
"The Bank Was Saved, and the People Were Ruined."
Michael Scheuer: Pity poor America: Obama, Romney, and Foreign Policy
Happy Tax Freedom Day?
Thai doctor: “I’m not a slave to insurance companies or regulations…”
The Original Value of Bitcoins
Five Reasons Washington Should Leave Bitcoin Alone
Their Propaganda....Our Propaganda
Disarm the police, not the citizens
Bill Bonner: The Coming Bull Market in Gold Stocks Is Going to Be BIG
John Whitehead, America’s Reign of Terror: A Nation Reaps What It Sows
