France and the limits of liberalism
Immigration, the welfare state, and Keynesian economics are all showing signs of strain.
This story, penned a few days after the riots, focuses on the recent unrest in France. The riots, which resulted in property damage and looting in cities like Paris, Marseille, and Bordeaux, saw over 2,400 arrests. These events followed a series of student protests over poor school conditions, teacher shortages, and limited job opportunities.
France has a history of riots, from student unrest in 2023 to the "Yellow Vest" protests between 2018 and 2020. However, this current wave of violence appears to be different. The unrest is compounded by significant economic challenges. France's long-term interest rates have been rising, a trend seen globally.
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