Saturday, November 15, 2008

How Sarko got his groove back

The news is so odd these days. While most of the EU is now officially in recession, France continues to show positive growth - the only EU country that still is, IIRC. Today I just read that Sarkozy is taking advantage of this to press his case for a more controlled form of global capitalism, in this interesting NPR article. They have a lot of good ideas to take to the table, but can you spot the key problem that will make sure no serious changes are ever actually implemented?

Sarkozy and the Europeans want to change the rules of the financial game. They speak of more regulation, lower corporate salaries, global governance and binding multilateral measures enforced by international organizations — the kind of talk that makes American free-marketeers shiver.

Call me cynical.....

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