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perhaps Hollande has understood that French capitalism is desperately short of entrepreneurship. It seems that his emphasis on "innovation" points in that direction : French capitalists have never been interested in that, only in extracting rents.

Perhaps he will offer compulsory remedial classes in entrepreneurship and the sustainable creation of added value?

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Jan 26th, 2012 at 11:47:58 AM EST
[ Parent ]
You're right about the rent extraction (Spain suffers from the same problem).

On Hollande, I think that's just wishful thinking. Hollande doesn't have his own economic ideas, but he relies on "experts". If Le Monde is right about who his "experts" are and their ideas, especially their advocacy of Schumpeter over Keynes, then we're fucked.

tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker

by Migeru (migeru at eurotrib dot com) on Thu Jan 26th, 2012 at 12:03:19 PM EST
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