The French government has announced loans to automakers French (Renault and PSA) for $ 6.5 billion in exchange dixit Le Nouvel Observateur, "guarantees for the employment ".
And just after, PSA (which will therefore affect 3 billion euros), still from the Nouvel Observateur , announced his plan to relinquish Plant closure has its social plan "for 2009" and will be satisfied ... voluntary departures and non-renewal of retirement!
That is the "guaranteed employment"?
Well, it sure is less than ripping waves of layoffs. But the effect on employment levels is exactly the same: I dismiss someone or I do not renew a retirement or voluntary redundancy (you believe in yourself, voluntary departures, in crisis ? you voluntarily quit your job?), the consequence is that there is a job and less. In one case, it is an unemployed moreover, in the other, an unemployed person who does not find work. The result is the same: someone is unemployed, and would not have been without these measures.
And to get this grandiose Sarkozy pulled out the checkbook and spent money from our taxes?
Meanwhile, Sarkozy defended himself to protectionism with this plan. It's a shame that our government, like the European Commission, continues to sing the praises of liberalism in general and free trade and private customers. Protectionism is the only way to revive the French economy. Without protectionism, any action is futile: to support research is to develop future products to be manufactured in China, lower wages will never be enough until we have the wage level (and thus living standards) of poorest countries where manufacturers are likely to relocate (if the wage level rises too high in China, they will go to the Philippines, Vietnam, Morocco and elsewhere), subsidizing business, runs the risk they relocate faster with these funds. The state waives therefore have any influence on the economy, with the results observed.
Free trade has benefits that for large companies. For employees and even for SMEs, it is a calamity.
Personally, I'm starting to get scared: Sarkozy's measures to counter the crisis will aggravate the contrary, and consume resources that would fight effectively. One approaches the point of no return, when our economy can get up ...
Demand that our government protects our labor market against imports from countries with low-cost, where people are underpaid and exploited.
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