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Tuesday, August 20, 2013 11:37 AM


Socialist Delusion: France Promises Full Employment, a Third Industrial Revolution, an Affordable Housing Utopia in 10 Years


If you are looking for a good laugh today, simply read Ministers set out utopian but hazy vision of a strong France

France’s Socialist government has set out a gleaming vision of the future marked by full employment and cutting-edge factories thanks to “a third industrial revolution”.

The France of tomorrow would be a safer place where justice was quicker and cheaper and where today’s stressful experience of finding affordable housing would be transformed into “a pleasant moment in one’s life”, cabinet ministers said on Monday.

In a speech that ranged from social inclusion to global warming and industrial policy, President François Hollande said at the event that such a long-term vision was necessary because “a decade is time to bring about change”.

By 2025, it was a “realistic” target for the country to reach technical full employment and have “recovered fully its budgetary sovereignty”, according to the reports. Among other things, France would have no problem placing debt, he reportedly said.

Manuel Valls, Mr Hollande’s interior minister, talked of closing the gap between the state and the population by upgrading today’s police force to a 3.0 version. Details appeared scarce.

On Monday, he [Hollande] tried to reassure the sceptics by acknowledging the most pressing challenges following the break: the budget; the economic recovery’s effects on the jobless rate; and pensions.
"Answers [on how Hollande will achieve his socialist utopia vision of full employment, a third industrial revolution, and tackle global warming, complete with a pleasant moment of affordable housing] will be provided by the government between now and the end of the month."

I can hardly wait for for the laughs.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

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