Unsustainable and Not Real

I love this chart from The Economist. Shows you that the majority of the jobs created recently in France have been due to the government (public sector and subsidized). Problem with that is that since the government does not adhere to the demands and desires of the market, all it does is redistribute money from people who would have spent it on what they wanted (thereby maximizing utility and standards of living) and give it to people/employers to create jobs that aren't necessarily in demand, resulting in less production, wealth and utility.


You can expect France to forever trail behind the US.