A socialist path

France has elected a new president at the end of May. A socialist. In June, the voters overwhelmingly elected a socialist Parliament to complement the already socialist Senate. A trifecta.
Socialists in France, are not the garden variety reconstructed social democrats one can find in Germany, Britain or Scandinavia. They are through and through Marxists, with a few unrepented Trotskyites. This seems to suit the French electorate whivh, in its vast majority , is anti Capitalist. (France also has an anti-capitalist party, and a Left party made up of former communists, greens, and anarchists).

Francois Hollande, the new president, has inherited the economic crisis Europe is going through, but has made unconsiderate promises of a radiant future that he will not be able to deliver. Out of his "60 propositions", two thirds are no longer the prerogative of the French government, but of the EU in Brussels. Faced with an immediate crisis in the auto sector, his first reaction is to ban the firing of workers, fine entrepreneurs who outsource jobs in Eastern Europe or North Africa. Already, France slipped from the 26th to the 29th rank of "Doing Business".
Hollande also announced at the NATO summit that he was immediately withdrawing French troops from Afghanistan, whereas, Sarkozy, his predecessor had already negotiated an early withdrawal date in 2014.

Europe is in dire financial straits. The financial crisis that started in Wall Street in 2008 only precipitated a latent sovereign budget crisis . Europe has a common currency, the Euro, but 27 treasuries, 27 parliaments and 27 governments. many countries, unable to pay their social bills with their low productivity, resorted to borrowings instead. The euro guaranteed low rates. Now the bills are coming and many countries cannot pay.
It will be extremely difficult for a people like the French, who do not believe in capitalism, hate  finances, work, and love their nanny state to wean themselves of the public trough. Hollande, instead of preparing his citizens for the truth, promised even more. The fall will be hot.