France will hold presidential elections in 2017, which have taken on renewed significance in the aftermath of the UK’s decision to leave the European Union.
The British referendum outcome sanctions the detachment from a Union, which tends to erase national sovereignty, while giving all power to an oligarchy that is devoid of popular representation and democratically unaccountable.
Neoliberalism is the ultimate cause of the establishment’s rejection. Racism, immigration and nationalism may be the match for the anti-establishment fire: wage stagnation and off-shoring of jobs are the fuel.
The drop in the unemployment rate to 4.7 percent was entirely the result of unemployed workers who gave up looking for jobs and dropped out of the labor force.
