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April 1, 2006

France

When I attempt to teach my students "Law for Business Associations", which is applied capitalism, I find that I have to explain what capitalism is and what it is not.  Part of my schtik is to mention that France has 12% unemployment; 23% unemployment in youth 18-14; and 55% unemployment in minority youth.  Ours is 5%; 12%; 25% (??) and we would riot -- be in the streets-- if we had France's numbers.   Have to change the schtik.

April 1, 2006 in Musings | Permalink

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Comments

Hi, I'm a political science major (junior year). I agree with what you said about how we'd be upset if we had those unemployment numbers. I don't think we'd riot and burn cars but you never know! :) Btw, great blog.

Posted by: Tim MMF | Apr 2, 2006 11:17:39 PM

You have to be careful about the numbers, though. They are calculated differently in the two countries, and my understanding is that the US figures would be quite a bit closer to the French figures if they were done the same way. The basic point remains true, but the gap is less wide than those numbers indicate.

Posted by: Brett McDonnell | Apr 7, 2006 8:55:15 AM

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