All financial institutions to be run by the federal government.

[Avinash_Tyagi]

Kasz216 said:

Avinash_Tyagi said:

Kasz216 said:
France currently has about an equal unemployment rate because we are in one of the worst economic downturns ever.

Which proves my point actually.

If you look at France they tend to have a consistant 8-10% unemployment rate.

For the US. 8 to 10 percent unemployment rates are horrific... the US is usually around 4%.

Actually it proves my point,

The reason in the US its horrific, is because there are limited safety nets for people unemployed, when you're out of work in the US you're pretty much on your own, not so in france, ironically this also shows that the US economy is much more volatile, even in a recession France remains relatively stable, while the US goes through periods of booms and busts

Booms = Much greater then France.

Busts = About equal with France.

There is a reason why France is desperatly trying to move to the right when it comes to employment... they are desperatly trying to "modernize" their workforce.

They can't pull it off though because the unions are too big.  There needs to be a good balance between unions and buisnesses.

However in bigger socialist countries, social saftey nets pretty much are forced to be employer based and not money payout based like Denmark.

Hence why they don't work in larger countries.

Unemployment is ALWAYS a problem in france.

Here's an article from 2007 that stays pretty relevent.

http://www.guardian.co.uk/world/2007/apr/06/france.angeliquechrisafis

 

And you don't even want to look at Spain's unemployment.... it's at 17% now.

No, even the busts are not equal with france though, because france still enjoys a higher overall standadrd of living, due to the social welfare, you may have people unemployed, but they aren't on the street and losing their homes and healthcare, sure they are out of work, but its not as bad as it is here, really it takes a boom for things here to be that nice, beause here you have to be emplyed or you are in trouble