Theodore Dalrymple, contributing editor of the City Journal and Dietrich Weissman Fellow of the Manhattan Institute, has recently reviewed Samuel Gregg’s new book, Becoming Europe at the Library of Law and Liberty.
In this well-written book, Samuel Gregg explains what can only be called the dialectical relationship between the interests of the European political class and the economic beliefs and wishes of the population as a whole. The population is essentially fearful; it wants to be protected from the future rather than adapt to its inevitable changes, while at the same time maintaining prosperity. It wants security more than freedom; it wants to preserve what the French call les acquis such as long holidays, unlimited unemployment benefits, disability pensions for non-existent illnesses, early retirement, short hours, and so forth, even if they render their economies uncompetitive in the long term and require unsustainable levels of borrowing to fund them, borrowing that will eventually impoverish everyone. Many companies, including the largest, lobby the political class to be shielded from the cold winds of international competition and become, in effect, licensed traders. Having succumbed to the temptation to grant all these wishes, the politicians now dare not admit that they have repeatedly as a consequence to promise three impossible things before breakfast. We all know what to do, said the Prime Minister of Luxembourg, but not how to get re-elected afterwards; and so Pompadourism has become the ruling political philosophy of the day. Madame de Pompadour’s cynical but prophetic witticism, après nous le déluge has become the economic mission statement of almost the entire European political class.