Sunday, October 24, 2010

More on the French strike: Ian Welsh

In "Praying for the French" Ian Welsh writes:

Notice something here: the protesters are doing economically damaging things. They aren’t just showing up in the mall, waving some flags, making some speeches and wandering off. Notice also, that Sarkozy is still going to pass his bill.

The key point will be whether the opposition keeps up the pressure. AFTER the bill passes, they must continue rolling strikes and occupations until the elite gives in.

RULE #1 Of Post-Modern Elite Thinking: Elites think in terms of costs. If the cost of something is less than the benefit of doing it, assuming the return is also high enough they will almost certainly do it.

The strikes and shutdowns are a COST. The benefit of raising the pension age is that it pays for bailouts, bonuses and high salaries for the elites (since it helps pay to continue the financial casino.) Unless the cost is clearly going to be higher than the gain, they will do it. The strikes and other actions must continue until the elites who run Sarkozy realize the cost is higher than the benefit to them. Or, of course, they can be made to fear something more existential. It may be time for a new French Republic, for example, which takes power out of their hands entirely and bankrupts them by forcing them to pay back all their ill-gotten gains.

At this point in time, France is the only nation in the first world where there is meaningful resistance to the rush of Austerity (aka. Hooverism) and the attempt by elites to permanently break the power and wealth of the middle and working class.

Pray for France. Because if they fall, no one is even trying, and if they fall the elites will know they can take anything away from any first world’s nation’s population.

One of his commenters:

the way the fund the retirement system is dynamic – money paid to beneficiaries depends on the amount of money collected. Pay-as-you-go. It is not an unfunded mandate. Here is a pretty good synopsis.

2 from the BBC:

"French Senate passes pension bill"

And, "Pension reform vote: Views from France"
(No comment forum, just three people interviewed, two of them against the strikers. From a link that says "your views." As the Brits say, rubbish.)

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