Is Paris burning?

Yes.

 

 

On the one hand, Macron is operating by decree, which should never be allowed. On the other hand, what he’s doing is actually necessary… he’s raising the retirement age from 62 to 64. And even 64 seems kinda ridiculously low. France, like everywhere else in the West, has a birth rate that is less than replacement (1.83, better than pretty much everywhere else in Europe); their population numbers seem to be buttressed  by importing Algerians, Moroccans and other North Africans. The result of that is relatively few young people for lots of old people, especially going forward. Keeping the retirement – and thus pension payout – age low is going to be economically infeasible. So the French people are rightly pissed at a tyrannical government… that’s using tyranny to do what needs to happen. So… France seems kinda screwed.

 

 

 

 

One response to “Is Paris burning?”

  1. Andrew Gorman Avatar
    Andrew Gorman

    Mandatory retirement age in the PRC is only 60…