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Paul Krugman Explains How France Has 'Done Better' Ecnomically During Covid

Paul Krugman Explains How France Has 'Done Better' Ecnomically During Covid

Although former President Donald Trump and his MAGA ally Steve Bannon have been enthusiastic supporters of Marine Le Pen — the far-right National Rally leader and White nationalist who lost to President Emmanuel Macron in France’s 2017 presidential election — many on America’s right have been quick to bash France over the years, including the country’s economic policies. But liberal economist and New York Times opinion writer Paul Krugman, in his January 14 column, argues that France’s economic policies during the COVID-19 pandemic have been a succ

ess.

“For as long as I can remember,” Krugman writes. “U.S. media coverage of the French economy has been relentlessly negative…. The data never actually supported this negativism. What was really going on, I believe, was that business and economic discourse in the United States is strongly shaped by conservative ideology — and given that ideology, France, with its huge social expenditure, high taxes and extensive economic regulation, should have been a basket case. So, reporting about France seized on every negative development as a sign that the long-awaited disaster was finally arriving.”

Krugman adds, however, that the French government’s economic policies have worked well during the pandemic. France, he notes, has “not only managed to avoid a huge plunge in employment, but has also surpassed its pre-pandemic level.”

“My sense is that many Americans still imagine that France suffers from mass unemployment — a vision that had some truth to it 25 years ago but has long been out of date,” Krugman writes. “And prime-age employment is where France has done astonishingly well during the pandemic…. How did it do that?”

Krugman continues, “When the pandemic forced economies into a temporary lockdown, Europe, France included, and the United States took divergent routes toward supporting workers’ incomes. We offered enhanced unemployment benefits; France offered subsidies to employers to keep furloughed workers on the payroll. At this point, it seems clear that the European solution was better, because it kept workers connected to their employers and made it easier to bring them back once vaccines were available.”

The economist notes that although France has “its anti-vaxxers,” the country has a higher COVID-19 vaccination rate than the United States. Nonetheless, Krugman points out that American liberals and progressives shouldn’t think that France is idyllic.

“I don’t want to romanticize the French economy or French society, both of which have plenty of problems,” Krugman observes. “And liberals who like to imagine that we could neutralize the anger of the White working class by raising wages and strengthening the social safety net should know that France — whose policies are to the left of U.S. progressives’ wildest dreams — has its own ugly White nationalist movement, albeit not as powerful as ours.”

The economist adds, “Still, at a time when Republicans denounce as destructive ‘socialism’ any effort to make America less unequal, it’s worth knowing that the economy of France — which isn’t socialist but comes far closer to socialism than anything Democrats might propose — is doing pretty well.”

Republished with permission from Alternet

Did Macron Just Convince Trump To Reenter The Paris Agreement?

Did Macron Just Convince Trump To Reenter The Paris Agreement?

Reprinted with permission from AlterNet.

The friendship between the United States and France goes way back—all the way to 1775, when France secretly began sending supplies to the Americans during the Revolutionary War. In fact, France was the first ally of the new United States. (Of course, it helped that France was pretty angry at Great Britain over the territory it lost during the French and Indian War.)

Now, almost 250 years later, President Trump has ruffled some French feathers by pulling the U.S. out of the Paris climate agreement, signed by nearly 200 nations to limit the global average temperature increase to 1.5°C above pre-industrial levels. But newly minted French president Emmanuel Macron wasn’t about to let Trump’s pullout ruin a good friendship—something that was made abundantly clear when the two leaders met in Paris last week.

By many accounts, Macron is a true optimist. Perhaps his youth has something to do with his lack of negativity; at 39, he is France’s youngest leader since Napoleon, and the first to be born after 1958. His predecessor and former boss Francois Hollande said Macron “radiated joy” when he worked for him, an odd statement considering Hollande’s dour disposition. (The Telegraph’s William Langley once called the ex-president “a politician with the personality of bread mold.”)

“An almost preternaturally sunny demeanour, combined with his winning way with words, has been the new president’s magic formula,” writes Hugh Schofield, the Paris correspondent for BBC News. He also noted that Macron’s “resplendent” personality was going to be “tested like never before.”

Well, Macron may have just aced the Trump test. And he did it by launching a charm offensive that allowed him not only to forcefully address their main point of contention—Trump’s controversial withdrawal from the Paris climate agreement—but to get Trump to soften his climate stance, something no other politician, American or otherwise, has yet accomplished.

In a Sunday interview with the French newspaper Journal du Dimanche, Macron said he pressed Trump on the possibility of bringing America back into the agreement.

“Donald Trump listened to me,” Macron said, according to AP. “He understood the reason for my position, notably the link between climate change and terrorism.” The French president added: “He said he would try to find a solution in the coming months. We spoke in detail about what could allow him to return to the Paris deal.”

During a joint news conference after the meeting, Trump said “something could happen with respect to the Paris accord…We’ll see what happens. But we’ll talk about that in the coming period of time. If it happens, that will be wonderful. If it doesn’t, that’s okay, too.”

Perhaps France—and for that matter, Europe—has found a “Trump whisperer” in Macron, who also said during his interview Sunday that he believes Trump left the country with a “better image of France than upon his arrival.” (Angela Merkel, take note.)

“Our countries are friends, so we should be too,” Macron said, adding his belief that after their meeting, the two leaders gained a “better, intimate knowledge of each other.”

When they met, Trump and Macron shared a seemingly neverending handshake. Hopefully, they’ll soon be shaking hands to celebrate America’s reentry to the Paris agreement. To Monsieur Macron, we say, Bonne chance!

Watch Trump and Macron’s epic handshake:

Reynard Loki is AlterNet’s environment and food editor. Follow him on Twitter @reynardloki. Email him at reynard@alternet.org.

This article was made possible by the readers and supporters of AlterNet.