When the state runs the banks, they are merely cows to be milked in the service of la patrie.
Government milks state-owned companies. We so love those caricatures that show government in a wonderful light
Sure, France has its banlieues, where it likes to warehouse people who aren't French enough (meaning, immigrants or Algerians) in huge apartment blocks.
The French are uber-racist.
Mitterand's nationalization program and other economic reforms failed, as the development of the European Market made a centrally planned economy obsolete.
Except it did not fail, and it did not make planning obsolete. But hey, let's keep on repeating it, it will be true.
The Rothschilds got their bank back, a little worse for wear.
Tha nationalisations saved most of these banks from collapse, then.
These days, France sashays around the issue of protectionism in a supposedly unfettered EU by proclaiming some industries to be national champions worthy of extra consideration -- you know, special needs kids.
Industrial policy is protectionism. The EU are hypocritical wimps.
But yes, it's harmless fun. It propagates no narrative, no memes, no hidden agendas. In the long run, we're all dead. John Maynard Keynes
Now I accept that the US & British senses of humour are different and so it is possible I'm misreading this but it comes over to me as massively sarcastic about the failings of america. And I appear not to be alone in this interpretation. keep to the Fen Causeway
you are the media you consume.
