World News: Macron Unveils Billion Dollar Stimulus Plan

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Category: World News - Europe

Published on Monday, 07 September 2020 12:12

Written by Olivier Longhi

French President Emmanuel Macron, facing the identical economic and social consequences prompted by the coronavirus pandemic which every developed nation is currently experiencing, has proposed a $118 billion stimulus plan to relaunch the French economy.

Clearly pro-business, it is presented as a model of pragmatism. Can pragmatism take the place of politics or ideology? And wouldn't the latter free itself from a broader vision of the decades to come?

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This is the question that arises when the President of the Republic has largely passed the three-year mandate but is still far from the deadline of May 2022.

Between flourishing economic growth broken on the pitfalls of the coronavirus and a recovery plan intended to save the French economy by giving a almost blank check to companies, President Macron not only displayed his preference, but also broke with the idea of ​​wanting to reinvent himself as proposed during confinement.

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The methods and plans put forward do little to break with the old-world Emmanuel Macron wanted to tear apart to breathe new life into the country.

Reproach and Consequences

Except that the tenant of the Elysee could not suspect that the coronavirus would destroy all his hopes for greatness and power so hoped for. We cannot blame him for having come up against the effects of the pandemic, he is not the only one first, but we could however hold it against him for having as the only response a more liberal than social option. , more entrepreneurial than salary.

Certainly, some will argue that the survival of the economy is as imperative as it is necessary and that nothing should stand in the way of restarting activity.

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The argument is valid and seduces an electorate closer to liberal than progressive theses and a few months before the presidential election, Emmanuel Macron must have found this option more useful. But perhaps the pragmatism would have been to question the deep desires of the French in these troubled times of pandemic, threats to jobs and real fears for the future?

Without neglecting the economic aspect of the situation, a greater interest in the social and health consequences generated by the pandemic (highlighting of the under-capacity of hospitals, fragility of establishments for the elderly, powerlessness of National Education in the face of dropout students during confinement, concerns of employees on short-time work, etc.) would not have spoiled the pragmatic conception of the management of State affairs in the broad sense of the term.

Constraints and Daring

While facing the lawsuit against the Government following the announcement of the recovery plan which ultimately did not require any compensation from the companies benefiting from the plan in question, the Minister of the Economy, Bruno Lemaire, admitted studying the idea, to impose certain constraints on businesses.

But will the announcement to double down on a bond be enough to erase the overly liberal impression left by the initial decision? At a time, when the French and many other peoples on the surface of the Earth are trying to recover from the pandemic and its consequences, understand that the next decades cannot be considered as the previous ones, pragmatism would perhaps have to be confused with a welcome daring. So, and for example, greening the recovery plan to get rid of any indifference to environmental considerations is not enough.

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On arrival, if pragmatism goes hand in hand with emergency management, it can be argued that the plan proposed by the President of the Republic and the Government is overall, although imperfect, suited to the situation. But if the pragmatism is meant to be broader, then it is called a vision of tomorrow and the day after tomorrow. And for now, the account is not there.

Bio: Olivier Longhi has extensive experience in European history. A seasoned journalist with fifteen years of experience, he is currently professor of history and geography in the Toulouse region of France. He has held a variety of publishing positions, including Head of Agency and Chief of Publishing. A journalist, recognized blogger, editor and editorial project manager, he has trained and managed editorial teams, worked as a journalist for various local radio stations, a press and publishing consultant, and a communications consultant.