All entries for Thursday 13 April 2006

April 13, 2006

They're at it again

Yep its the french again, they've certainly gotten a lot harder to understand over the past few weeks. Anyone remotely interested in the news would have come across the near daily riots by french students over a new law – CPE , which essentially makes it easier to hire and fire workers especially since there is no need to give a reason when firing them.

Now its not so much the rioting thats new, but its the people that are doing so. I agree I am not french neither an expert on their economy, but if 45% of the people aged 18–26 do not have a job, I certainly would not be trying to burn cars if a new law made it easier for me to get a job. Yes I understand that there can be significant stress not knowing when you might be fired, but is that really any worse than being unemployed? The students protesting kept saying that as it is there are no jobs in France for them, neither is the future looking too bright but they dont want this law as it will make it easier for them to be fired. But what about the other side of the equation where it is also easier for them to be hired?

In my opinion france is going down the drain right now, their growth has been spearheaded by the free-market economy, trade liberalization and some good entrepreneurship, but with this continually socialist approach to everything they have forgotten why they are one of the top economies in Europe in the first place. The U.K. has a far stronger economy and is projected to achieve at least 3% growth in 2007, and it has also embraced liberalization much more enthusiastically. The U.K has an unemployment rate of 5.1% whereas France is in double figures…...surely despite their hatred for the British, common sense should prevail when it comes to following the right policy for the future of the country? Instead they have a list of 10 national companies that cannot be privatised and are increasingly wary of any other mergers or take-overs…..even though other countries across the world are quite open to French companies taking over local companies. Some times the right decision requires courage, France has failed yet again and with increasingly socialist attitudes and a desire to isolate themselves from the rest of the world (only 35% of the french believe free trade is good as opposed to 66% of the British), they certainly are not going to fare any better in the foreseeable future.

University students should know a hell of a lot better. Either way why should I be guaranteed a job just because I have a university degree? If I have a degree in a non technical subject why does that entitle me to any job, despite the technical expertise required? The students may have succeeded in blocking the law, but have certainly shown themselves to be disappointing in doing so.


April 2006

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