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France’s Macron Still Preaching Failed Socialist Theory


French President Emmanuel Macron is still calling for a new global economic order, decrying an “unprecedented crisis” in the market economy in an attempt to become the leader of the EU, a failed socialist experiment that is falling apart.

Amid what he calls the uncertainty of US trade policies, Mr. Macron said the market economy has become too finance-driven, creating inequalities “that are shaking up our political order.” He called for a global “rethink,” but could not offer any details.

In a widely covered ‘apology‘ speech Tuesday, Mr. Macron said “we are living the end of Western hegemony” in the world, in part as a result of Western “errors” over past centuries.

Mr. Macron spoke the day after hosting a G-7 Summit that has the EU concerned about US trade policies, tensions with Iran, Brazil, China and a very sluggish economy headed into recession, that ended with a call for “fair” and “open” trade, no mention of currencies or fiscal stimulus and a Summit that showed that President Trump is the leader of the free world.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.