The latest signs of economic nationalism -vs- economic globalism surfaced today in France as thousands protest.
Significant riots broke out today amid backlash to the economic policies of French President Emmanuel Macron. Fueled by resentment over a new gasoline tax, thousand of Parisians took to the streets to protest. [See Daily Mail Article Here]
(Via Reuters) […] The unrest is a dilemma for Macron who casts himself as a champion against climate change but has been derided as out of touch with common folk and is fighting a slump in popularity.
While the movement, which has no leader, began as a backlash against higher fuel prices, it has tapped into broader frustration at the sense of a squeeze on household spending power under Macron’s 18-month-old government.
Since coming to power, Macron has seen off trade union and street demonstrations against his changes to the labor rules, and overhauled the heavily indebted state rail operator. Foreign investors have largely cheered his pro-business administration. (read more)