12/02/2007 1:24:42 pm
Who Said That Ideology Is Dead? Yesterday, the Socialist candidate for President of France, Ségolène Royal, presented her manifesto with 100 proposals. Wow. Francois Miterrand could envy the degree of socialism. She promises to fight globalisation and any free-market reform. She wants to increase the minimum wage, nationalise companies, increase taxes, re-regulate the labor market, expand public welfare contributions, boost public housing, etc. Of course all of this would not become reality if she wins, because when elected, politicians always turn more centrist. But if it had become France′s policy, it would be disastrous. And, perhaps, in my view, this program makes it more unlikely that she wins - she is too far from mainstream.

Read the FT about it here - >