Let’s Call French Economic Patriotism What It Really Is: Fascism

0

by Jerry Bowyer

The authority to ban shareholders of French companies from selling a majority of their shares to foreign investors is an abuse of property right, and a license to protect French company executives from their own shareholders. It will concentrate power in the corporate bureaucracy (a word they, not surprisingly, invented) and so stifle innovation even further. Such business regulations are growth killers and tantamount to third world style capital controls. Put a fondue fork in her, France is done. There’s always that last socialist regime, and Hollande has provided it. The brilliant free-market economist who helped save post war France as an advisor to de Gaulle, Jacque Rueff, must be whirring like an Alstom turbine in his grave watching what they’ve done to the economy he helped build.

Continue Reading at AffluentInvestor.com

Posting Policy
We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse. Read more.

Trending on Liberty Alliance

STAY IN THE LOOP
Don't miss a thing. Sign up for our email newsletter to become a Liberty Alliance insider.