“Listening to the candidates last night, it was clear that there is no pro-capitalist, pro-globalisation, low-tax, eurosceptic, outward looking party in France – there is no equivalent to the British Conservative party’s Thatcherite tendency. What passes for the centre-right in France is social-democratic and fanatically pro-EU; it is very different to the centre-right parties seen in English-speaking countries and many emerging markets. The “right-wing” eurosceptic candidate (who was crushed) is a protectionist who wants to tax the rich – and hates French workers who have moved to London. The only successful eurosceptics are the hard left who believe Brussels to be a capitalist plot and fascists who hate foreigners, the free market and multinationals.”
In the latest series of problems to hit the euro-zone, there are problems for the Dutch. Spain and previously, Italy, have been in the news for their economic woes. But France is the Big One. If this country – about the same in terms of wealth as the UK – votes for a socialist, with his promise to impose a 75% tax on those he deems rich, then the cafes, restaurants and schools in and around parts of London will ring even louder with the sounds of French accents than is the case already. The exodus of French people in recent years to these and other shores has been striking (they are not coming here for the weather). It is, if you like, a sort of French version of “Going Galt”, although I doubt any of the French political establishment has ever read Atlas Shrugged, nor cares.
I like France a lot and relish any chance to go there. In fact, during the two weeks of this year’s London Olympics, I am in the southwest of France, in a small town to the west of Montpelier. But I would not want, as a professional, to live in the country if it heads down a damagingly socialist path.