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11 April 2006

French Students Delay Progress

France has decided to withdraw the law that removed restrictions on firing workers under 26. Which makes me so happy. I'm sure that economic efficiency will suffer as a result. It's so reassuring that in some places in the world the government is responsive to the belief that other things count. I'm not even convinced that firing restrictions are the best way to solve the problem of job insecurity. But the economists that be aren't interested in alternative solutions. It's much simpler to assume there's no problem that needs solving. Or that it's obviously far too difficult for us to bother trying.

People will say that you can't stop globalisation et al, you can only slow it down. But I reckon that delaying it is one of the most important things we can do. Most of the harm occurs because social structures are fractured by its speed. Its existence isn't the main threat, and probably isn't a threat at all.

I should add that I love economics, and capitalism, and free markets. Brilliant things all of them. Sometimes I probably don't make it clear enough that I think that.

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