Raging Right Wing Republican

For those of us who are politically informed, and therefore Republican.

Sunday, June 12, 2005

French Soul Searching

When you bring in the heavy hand of government to regulate businesses and tax people into a hole to fund an ever increasing welfare state, you kill entrepeneurship and incentive to innovate, along with employment. The French are still coping with this:
But there's one area in which France would love to emulate that place across the Atlantic -- the ability to foster small businesses and turn them into big ones. It's not exactly haute culture , but these days this is a vital topic here in France, where the unemployment rate has been stuck between 9 and 10 percent for a quarter of a century and where not a single enterprise founded here in the past 40 years has managed to break into the ranks of the 25 biggest French companies. By comparison, 19 of today's 25 largest U.S. companies didn't exist four decades ago. That's why France is looking to the United States for lessons.... It's no small thing for a country like France to admit its weaknesses, yet many opinion leaders here now concede that France has the rhetoric of a world power without the economic means of one".

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