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Darko Mulej's avatar

Interesting breakdown, but looking at this from Central Europe, your diagnosis has a huge blind spot: you didn't mention the Eurozone or the European Central Bank once.

You treat France like a closed island where people just decided to be lazy and pamper retirees, and you conclude the government can "rebalance its budget overnight" by raising the retirement age and cutting student perks. But that ignores how the plumbing actually works.

First, that headline figure of France spending ~57% of GDP on public expenditure is misleading. People assume that money goes into classrooms, clinics, and trains. It doesn't. Over the last decade, the French state turned into a giant pass-through: over €150 billion a year goes straight into private-sector subsidies and tax exemptions for large corporations (aides aux entreprises), while debt interest paid to private bondholders eats over €60 billion annually. The state isn't running out of cash because of €1 cafeteria lunches; it’s siphoning public funds upward.

Second, France gave up its monetary sovereignty decades ago. It can’t devalue, and the central bank cannot backstop its treasury. Because Paris is locked into the EU’s Stability and Growth Pact deficit limits, something has to give. Bond interest is legally untouchable, military spending is climbing, and corporate subsidies are defended to prevent capital flight. That leaves schools, universities, and hospitals as the only flexible line items the government can squeeze to hit EU targets. That's why real spending per student dropped roughly 20% since 2017 while private wealth in France doubled.

When you spend half the article on suburban looters, €1 lunches, and ethnic demographics, you're looking at the noise at the bottom of the funnel. The barricades aren't burning because French teenagers are uniquely coddled. They burn because the public sphere is being structurally hollowed out to service an external fiscal cage.

More on this:

https://darkomulej.substack.com/p/france-the-myth-of-the-broke-state

Wes's avatar

It’s France, this has happened like every eighteen months since 1789.

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