Opinions that come from the French don’t hold much water in the USA these days, but French media consultant Philippe Ratelle has this (and more) to offer:
American investors should ask, ‘What is all this fiscal stimulus protecting? Is it, like Sweden, protecting its large socialist state? No. Is it then protecting the life of France? Or as we say in France, le bon vie? No.”
No, the fiscal stimulus is designed to protect the American economic system, which is corporate capitalism and its benefits.
That makes sense to me. Which makes me wonder: are some Republicans simply playing McCarthyist politics in describing these fiscal stimuli as “moving our free-market based economy another dangerous step closer toward socialism”?
Define socialism. Define capitalism. And come join us at my retirement party when you’ve finished.