Boom to gloom: India middle-class jitters amid trillion-dollar market rout    One day, three crises and Trump's free-wheeling foreign policy on display    Many feared dead in Sudan after shelling hits crowded market    Real-life shipwreck story wins major book award    Seven injured after South Korean fighter jet accidentally drops bombs    Bangladesh leader likens Sheikh Hasina regime to 'terrible tornado'    Islamic Arts Biennale celebrates Ramadan with 'Biennale Nights' in Jeddah    Tawakkalna offers a package of religious services during Ramadan    Haram Authority launches smart luggage storage service New service is available around the clock during Ramadan    Ministry ranks Saudi auto dealers — Abdul Latif Jameel has longest waitlist, Al-Naghi records longest delivery time    New boxing promotion led by Turki Al-Sheikh, TKO, and Sela set to transform the sport    Haram Authority announces start of Itikaf registration    Okaz and Saudi Gazette Esports    PIF and Italy's SACE sign MoU to boost financial collaboration with up to $3 billion in project support    Saudi Arabia attracted 2.5 million sports tourists in four years, says ministry    Nora Razian and Sabih Ahmed appointed artistic directors for 2026 Diriyah Contemporary Art Biennale    Saudi Arabia vows full support to Cairo Arab Summit resolutions; slams Israel's Gaza aid blockade    Al Ahli take commanding lead over Al Rayyan with 3-1 win in AFC Champions League Round of 16 first leg    Al Hilal stumble in Tashkent as Pakhtakor claim first-leg advantage in AFC Champions League Round of 16    HONOR unveils New Corporate Strategy to Transition to an AI Device Ecosystem Company Illuminating a three-step roadmap underpinned by openness and collaboration    King Salman prays for peace and stability for Palestinians in Ramadan message King reaffirms Saudi Arabia's commitment to serving the Two Holy Mosques and pilgrims    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



The French political establishment in disarray
Published in The Saudi Gazette on 08 - 02 - 2017

French voters have every right to be angry and confused. Their country has sunk into the economic doldrums and their traditional political leaders do not seem to have a clue what to do about it. In the final decades of the last century, French leaders gave their people a welfare and health system that was the envy of the rest of Europe. Employee entitlements were boosted and the retirement age slashed while the working week was cut. This last policy was designed to increase employment as business recruited more people to do the work that had been done by others.
In fact what happened was the complete opposite of what had been intended. Shorter hours reduced productivity. Companies found they could not afford to employ extra workers. They were also losing skilled employees who were retiring early while they were being forced to payer higher taxes and pensions contributions. Instead of growing the workforce, these measures actually shrank it. Unemployment has stuck at 10 percent or above.
Moreover, France discovered that it could not afford its generous welfare, pensions and health care without raising taxes, which was a disincentive to both business and individuals.
Into this mess now steps the neo-fascist leader Marine Le Pen. She has just launched her National Front's party manifesto for the presidential election in May. The policy points are hardly less pie-in-the-sky than the past promises of mainstream parties. The National Front is vowing to reverse rises in the retirement age, boost state spending (particularly military outlay including the reintroduction of compulsory national service), protect benefits and cut taxes. None of this adds up in economic terms. But the package is being wrapped in nationalism that rejects globalization, the EU and the euro while dropping the shutters on immigration, with the tacit assurance that this will be aimed principally at Muslims.
There seems no doubt that Le Pen and her poisonous policies will make it to the second round of voting for the new occupant of the Elysée Palace. But all the pundits are sure that she will be defeated in the second round as left and center-right supporters come together to choose a rival. The problem is that the rivals are in trouble.
Francois Fillon, the man originally tipped to win, is mired in scandal after it emerged that his wife had been paid substantial sums for political work it appears she did not do. Fillon's Republican party, the former UMP, stands accused of concealing a $20 million overspend during the 2012 presidential election. Its then leader Nicolas Sarkozy is now to stand trial over this. The Socialist candidate Benoit Hamon is considered too doctrinaire and is likely to lose support to charismatic former Socialist minister Emmanuel Macron who has set up his own party En Marche!
It is not simply that the French political establishment appears to have lost its way. It has also lost the confidence of an electorate fed up with some 30 years of unfilled political promises, during which life has only become tougher.
In such circumstances, the siren call of Le Pen's policies grows more attractive. And her fundamentally racist and Islamophobic National Front is now confidently claiming that it can break the French political mold and oust the Establishment elite. It has happened in the United States, says Marine Le Pen, so why should it not also happen in France?


Clic here to read the story from its source.