NYT x Krugman: "How France's Economy Is Surviving the Covid Pandemic"

Friday, February 4, 2022

I don’t want to romanticize the French economy or French society, both of which have plenty of problems. 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.

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.