https://www.nationalreview.com/2019/12/elizabeth-warren-economic-plans-lessons-from-europe/?utm_source=recirc-desktop&utm_medium=article&utm_campaign=right-rail&utm_content=top-stories&utm_term=fourth
It’s no model for what leftist schemes would create here.
A nationwide series of protests, some of them violent, is convulsing France. The proximate cause is pension reform, and the French are having a splendid time: In news photos, the protesters are positively beaming, and a recent BBC report described the mood, amid the arson and destruction of property, as “festive.”
I suspect that the American version of that will be less festive, when the time comes.
Paul Krugman of the New York Times, who as a columnist always has had a particularly unkeen sense of timing, in November attacked the “Europhobia” of centrist Democrats. “Going on about how terrible things are in France is a sure sign that you have no idea what you’re talking about,” he wrote. I do not think France is a particularly badly governed country, but the French are mad as hell about it, and surely their opinion must count for something.
If you are wondering where Professor Krugman is seeing all those centrist Democrats who were terrified of France in early autumn, it is helpful to know that the column is one long stage whisper at Steven Rattner, the Obama-administration Treasury official who wrote in the New York Times that Warren is the candidate for those who “want to live in France (economically).” Warren’s policies, Rattner wrote, would impose dirigiste European practices on U.S. firms. Rattner, who is after all an Obama guy, is generally supportive of New Deal–style welfare statism but fears Warren’s
intention to impose vast new regulatory burdens and to revamp the way business functions, which could have an even more negative effect on our economy. Many of America’s global champions, like banks and tech giants, would be dismembered. Private equity, which plays a useful role in driving business efficiency, would be effectively eliminated. Shale fracking would be banned, which would send oil and natural gas prices soaring and cost millions of Americans their jobs. And on and on.