4 ms·
> Well I would disagree with that and laugh at the fact that this exact analysis has been published by The Economist and similar for the past 50 years I'd be h
by littlestymaar 1y ago
> Well I would disagree with that and laugh at the fact that this exact analysis has been published by The Economist and similar for the past 50 years
I'd be happy to live in a timeline where the Economist criticizes the bullshit that “supply chain economics” is, but if you paid attention you'd be aware that it's not really their editorial line.
> fact for the first time France unemployment numbers have gone below the numbers they climbed to in the 90s
You should thank the boomers for retiring, not the economic policy. (By the way, employment went up in pretty much all of Europe for the 2010-2020 period while the economy stagnated in most places but the east)
> We do have issues and for the past 3 years they've been amplified by our political standoff (parliament cut in three third and none agree to work with the others
Standoff caused exactly by the government dogmatic stand over their failed economic policy …
> but the core of our economic woes is from pensions.
It is not, this is government narrative. The “pension problem” is merely an economic activity problem. When the real wages go down (which is did in France since 2017) while pensions are inflation adjusted, obviously the share of income that goes through pensions increases but that's not a “pensions problem” it's a wage issue (and economy health issue).
In fact, public spending per capita is in the middle of what remwins of the EU15 (just above all other Mediterranean countries and below all the others). The reason why the spendings per capita ratio is too high is not because the spendings are too high, but because the GDP is far too low due to inept policies.