What Ails France?

Book excerpt: As evidenced by the yellow vests protest movement that began in France in 2018, the state of the French nation inspires gloom among many of its citizens. Brigitte Granville views this malaise as a peculiarly French symptom of the difficulties experienced by many advanced industrial democracies in the face of globalization, technology, and mass immigration. Granville brings trenchant criticism to bear in this wide-ranging survey of the political economy of contemporary France, building her case for the prosecution on the self-reinforcing rigidity produced by a narrow Parisian oligarchy that is both entitled and intellectually hidebound. What Ails France? applies an economist's vision to the monetary and fiscal pathologies flowing from this ideologically motivated technocratic rule, reflected in Europe's flawed monetary union, runaway indebtedness, and chronically high structural unemployment. The author marshals academic research from a wide range of disciplines to fuel a provocative and at times contentious analysis, proposing various treatments for French ailments that would reinvigorate the republican value of liberté with a new local slant. A refreshing, ideologically freewheeling discussion, What Ails France? provides a positive take on the innovations of our digital age, exploring their potential to bring about a more representative democracy and a fairer society.