Thursday, June 01, 2017

How Globalization hammers France

Worth reading is this article:

Guilluy doubts that any place exists in France’s new economy for working people as we’ve previously understood them.

Paris offers the most striking case. As it has prospered, the City of Light has stratified, resembling, in this regard, London or American cities such as New York and San Francisco.

It’s a place for millionaires, immigrants, tourists and the young, with no room for the median Frenchman. Paris now drives out the people once thought of as synonymous with the city.

Yet economic opportunities for those unable to prosper in Paris are lacking elsewhere in France. Journalists and politicians assume that the stratification of France’s flourishing metropoles results from a glitch in the workings of globalisation.

Somehow, the rich parts of France have failed to impart their magical formula to the poor ones.

Fixing the problem, at least for certain politicians and policy experts, involves coming up with a clever short cut: perhaps, say, if Romorantin had free wifi, its citizens would soon find themselves wealthy, too.

Guilluy disagrees.

For him, there is no reason to expect that Paris (and France’s other dynamic spots) will generate a new middle class, or to assume that broad-based ­prosperity will develop elsewhere in the country (which happens to be where the majority of the population live).

If he is right, we can understand why every major Western country has seen the rise of political movements taking aim at the present system.
Some of these conclusions apply to London, Toronto and Vancouver.

Is anyone listening in Ottawa?

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