December 21, 2012

France's Anti-Rich Boomerang

Fabio Rafael Fiallo, RealClearWorld

AP Photo

Throughout the election campaign that brought him to the country's executive office in May of this year, France's President Francois Hollande proudly advertised himself as a rich-basher. Remarks like "I don't like the rich" and "my enemy is the world of finance" were often well received by voters inclined to believe that economic activity is a zero-sum game in which a capitalist's gain implies a worker's loss, and vice versa.

 

Since Mr. Hollande assumed power, this style of electioneering has been put aside. Prominent members of the government continue nonetheless to give vent to the anti-rich rhetoric - if only to attempt to recapture a fast-eroding popularity.

 

A conspicuous manifestation of the anti-business sentiment that prevails in governmental...

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TAGGED: France, Francois Hollande, Eurozone, Europe

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