Socialism in its classic form is almost abhorred in any economy. Socialism today embraces capitalism is a big measure and recognises that growth momentum in any society cannot come by self isolation and welfare without accruals. They cannot come from public services & government alone unless the recognition of wealth creation through a capitalism model of entrepreneurial investment is embedded. The world post 90's USSR is very different today & even China embraced capitalism despite being hard core communists in governance. France cannot blunder by insulating itself from the world and French people demanding only more of favours without any accruals. The hard reality is that the world & government today is first give and then take. Crony socialism & crony capitalism has been a social reality in most of the economies & the industriousness of the nation would eventually decide its prosperity irrespective of the economic model being adapted. Wealth creation is secondary to wealth sharing if the society wants to progress, be it France or anyone else in the world. But the spirit of enterprise would live on forever.
Adieu, la France
At least 52% of French people are happy that their Hungarian playboy president is out for good. Let us hope the renewed surge of socialism in France brings new hope, prosperity and integrity towards the Euro zone. It is up to Frenchmen & women to rise to the call & prove the world wrong that France can do what is expected out of it. And more.
