The French Illusion

Alvaro Vargas Llosa reports:

For decades, the French have lived under the pretense that their parasitical social model could last forever. It's basically a model in which a small segment of society produces wealth and a much larger segment lives off that wealth through a vast system of government transfers that millions have come to take for granted. In the recent demonstrations, one of the words most frequently used was "security." For most demonstrators, "security" means the continuation of a social model in which you either work for the government or you work in a private job that is heavily protected by the state, while you receive a wealth of social services and cradle-to-grave entitlements that come pretty easily to you.

Security isn't possible when consumers vote with their dollars.