France’s Macron Still Preaching Failed Socialist Theory

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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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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