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A change for the better in old Europe

France has never had a leader who believes in free markets. Instead, French politics have been dominated either by Socialists or statists from the more conservative Gaullist party. This helps explain why France's economy has been comparatively stagnant over the decades -- it never experienced the burst of freedom, and hence energy, that Ronald Reagan and Margaret Thatcher brought to the economies of their countries, and which their successors have mostly preserved.

Today, however, France elected Nicolas Sarkozy as its president. Though Sarkozy belongs to the Gaullist party, he become the arch-enemy of its traditionalist leader, Jacques Chirac. Chirac's loss of popularity enabled Sarkozy to become the party's leader. In today's election, he defeated Socialist Segolene Royal, the first woman to make the run-off, by a margin of approximately 53-47.

It's doubtful that Sarkozy is anything like the free marketeer Reagan and Thatcher were. However, he's a free marketeer by French standards. For example, he favors lower rates of taxation, and wants to soften the economic restrictions imposed by France's ridiculous and disastrous 35 hour work-week law. In a telling moment during the campaign, Sarkozy went to England, where so many highly educated young French people are working, and promised to make the French economy hospitable to entrepreneurs and talented individuals with fresh ideas.

Sarkozy has his work cut out for him, though. Before Thatcher could change the direction of Britain, she had to overcome a bitter strike by the coal miners. What Sarkozy is likely to encounter will pale by comparison. For example, the equivalent of the English coal miner's strike in France would probably become a general strike that could paralyze the country. And France is already experiencing what can be viewed as a low-grade intifada on the part of some elements of its immigrant population in certain suburbs of Paris. Sarkozy's opponent plausibly warned that this activity would intensify if he won.

All that aside, Sarkozy's victory is sweet from an American perspective. This is a leader who expresses unabashed admiration for our country. In his victory speech today, Sarkozy made a point to include this passage: "Let me say to our American friends, they can count on our friendship."

The U.S. has now seen the leadership of both France and Germany pass to figures who believe, as a general matter, that American power is a force for good in the world, and not something that needs persistently to be constrained. Let's hope that in 2009 the U.S. still has a leader who concurs.


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Mo Rocca appears on a bunch of shows, including CBS News Sunday Morning (with the indescribably wonderful Charles Osgood), The Tonight Show on NBC, and NPR's Wait Wait... Don't Tell Me! He's a sometime judge on Iron Chef and was featured on Telemundo's Amore Descarado. Last year he starred on Broadway in the 25th Annual Putnam County Spelling Bee. His expose "All the President's Pets" was published by Crown in 2004.



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News Bloggers

Mo Rocca appears on a bunch of shows, including CBS News Sunday Morning (with the indescribably wonderful Charles Osgood), The Tonight Show on NBC, and NPR's Wait Wait... Don't Tell Me! He's a sometime judge on Iron Chef and was featured on Telemundo's Amore Descarado. Last year he starred on Broadway in the 25th Annual Putnam County Spelling Bee. His expose "All the President's Pets" was published by Crown in 2004.

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