Since the French Revolution, Americans have glanced over to our friends across the Atlantic Ocean as a model of what a country should not do. That tradition continues. France’s centralized planning of the economy, health care, education, the family, religion, and so on is not working. The New York Times reports:
The pervasive presence of government in French life, from workplace rules to health and education benefits, is now the subject of a great debate as the nation grapples with whether it can sustain the post-World War II model of social democracy.
Well, those who champion economic, moral, and political liberty predicted this ages ago. As expected, government control of French society has crippled France’s “capability to innovate and compete globally.”
What is more, “investors are shying away from the layers of government regulation and high taxes.” Again, not surprising.
The French government continues to raise taxes and create reasons to redistribute workers’ earnings. According to the article, in France “most child care and higher education are paid for by the government, and are universally available, as is health care.” The cost of health care is “embedded in the taxes imposed on workers and employers; workers make mandatory contributions worth about 10 percent of their paycheck to cover health insurance and a total of about 22 percent to pay for all their benefits.” This is unsustainable.