Schumpeter in his column of June 23,2012, in the Economist titled Adieu, la France, concocts a fable in which Robber Capital has worked it's magic and we stand in the ruin of the Free Market, where we must listen to Schumpeter point his finger at those French Socialist, and their economic castles in the air: that are a response to the failures of both the Free Market Ideology and it's successor Austerity. It is the perfect time to use that old political standby, misdirection: demonize the Socialists for a failure of pragmatism, and a faith in outmoded state planning. Also accuse them and the French educational establishment, namely the grandes écoles, of a kind of incestuousness, that manifests itself even in the very firms whom he defends against a ruinous Socialism. Prestigious degrees from any famous university in Europe or American can be a stepping stone into both government and corporations. Another fact of contemporary life is that universities have deep governmental attachments, whether public or private schools. But the French system becomes a part of his designated target, a confirmation of a certain French mendacity,a lack of forthrightness: the French aren't like us, socialism has already corrupted them, so we can expect the worst.

Political Cynic