France and Eco 101
May. 20th, 2007 08:19 am♠
The election of the conservative Sarkozy in France has inspired George Will to discuss the quandaries of French political economics in terms of the basic mechanics of capitalism. Since it's been a while since I've done an Economics 101 number, I will keep a large excerpt of this column, which is titled "Is France Willing to Work?" And I'll just briefly note that a little state welfarism is arguably needed to better distribute the fruits of wealth creation, and thus liberal societies are left to deal with this issue of balancing market forces and democratic forces to try to secure that greatest happiness for the greatest number, in priniciple.
( George F. Will excerpt )
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The election of the conservative Sarkozy in France has inspired George Will to discuss the quandaries of French political economics in terms of the basic mechanics of capitalism. Since it's been a while since I've done an Economics 101 number, I will keep a large excerpt of this column, which is titled "Is France Willing to Work?" And I'll just briefly note that a little state welfarism is arguably needed to better distribute the fruits of wealth creation, and thus liberal societies are left to deal with this issue of balancing market forces and democratic forces to try to secure that greatest happiness for the greatest number, in priniciple.
( George F. Will excerpt )