Posted Jul 25, 2013 by Martin Armstrong
The French government plans to pump billions more in aid desperately trying to save the Peugeot factory in Aulay. Hollande refuses to realize that raising taxes causes economic decline and a greater proportion of money goes to government. The Peugeot production facility is unprofitable and the operation is functioning more like a communist organization rather than an efficient productive entity. These people just cannot grasp the idea that their economic theories are simply antiquated and as unsustainable as Communism.