Tuesday, May 8, 2012

Hollande's Socialism

Françoise Fressoz tries but fails to define Hollande's core political convictions. She thinks he espouses the "socialism of production" championed by DSK but without DSK's extensive network among CEOs. She notes that his presidency will rise or fall on his ability to strike an acceptable compromise with the social partners but also observes that he has given few indications of the nature of the compromise he will seek to achieve, especially with the unions. I look for him to be tested soon, perhaps on retirement reform. His limited rollback of the Sarkozy reforms is not enough to satisfy the demands of some unions. Will he hold firm? And if so, how will he defend his decision? On neoliberal grounds, or in terms of some sort of solidarity pact for growth, perhaps a German-style bargain in which wage hikes are linked to productivity growth?

The Competitiveness Question

Some interesting comments on the deterioration of France's competitive position can be found here.

Back Home

I'm back home after logging about 9,000 miles of travel, four lectures, several radio interviews, etc. etc. I will return to normal blogging after I get some sleep. The red-eye home from San Diego left me shut-eye-deprived.

Voter Nul

It seems that in 1898, "voter nul" had a special meaning: in that year, a white ass named Nul was entered as a candidate and paraded through the streets of Paris.