1981 Nationalisation of 40 banks (95% of banking sector) Nationalisation of industry (15% of private sector capital) Minimum wage +10% Family allowances +25% Wealth tax (tax as % of GDP already 40% under VGE) 39-hour week 5th week paid leave Retirement at 60 Price controls Exchange controls Public spending +27.5% Deficit x3 National debt +50% Trade deficit + 100% Devaluations 1981, 1982, 1983 Amnesty for illegal immigrants Naturalisation of all immigrants
Transcript
1981
Nationalisation of 40 banks (95% of banking sector) Nationalisation of industry (15% of private sector capital) Minimum wage +10%Family allowances +25%Wealth tax (tax as % of GDP already 40% under VGE)39-hour week5th week paid leaveRetirement at 60Price controlsExchange controlsPublic spending +27.5%Deficit x3National debt +50%Trade deficit + 100%Devaluations 1981, 1982, 1983Amnesty for illegal immigrantsNaturalisation of all immigrants
Political CultureSocial transformation through violent conflictPublic opinion tolerant of revoltInability to share power Strategy set by technocratic eliteCampaigns fought on reform, change, break with the pastPolitical party business modelParty is a vehicle to get a candidate elected PresidentNo party policy document but a visionary project often published in book form prior to election.
TechnocracyENA alumni have filled over one third of French cabinet positionssince the 1960s.
Absolute certitude as to policy that will never be called into question, new information that challenges their beliefs will not be considered.
Cartesian rationalism: Form over substance.
World-view grounded in Keynesianism.
French politicians are champions of political U-turn: appeasement and decree
Reduce deficit by €100bn.Tax cuts Abolish wealth taxAxe 35-hour week Raise retirement age to 65Immigration quotasLaw & orderReform of business policyDeregulation
Stability pact moratoriumUniversal revenue €750 Consolidated income taxTax private assets, robotsHumanitarian visaVote for immigrantsVote for prisonersDiscrimination policeRecognition of PalestineLegalise cannabis
No program [02.02.2017]Reform payroll taxRetirement 60-67 Working week 30 hours +€500 culture voucher at 18Fund UB from tax revenueEU finance ministry EU investment budgetEnd state of emergencyMilitary operations - UNO
ImmigrationLaw and orderNational securityWithdrawal from euroReferendum on FrexitReform of business policyDefinancializationNational industrial strategyStrategic protectionism
Strengths• First mover• Coherence• Public opinion• Constituencies
Weaknesses• FN legacy• No allies• Media• Experience
Opportunities• Decay of France• Voter fatigue• Brexit effect• Terrorism
