Thoughts on the French Run-Off

The French run-off shows more about the fragility of the current order and the misalignment of interests than anything else.

On one hand we have Marine Le Pen, who is slammed as a racist (which is probably true), and who points the finger for immigrant problems in France not at France’s imperial past but at the EU at present. The EU has major problems, it is true, but French immigration is mostly from former colonies and the EU is a bit of a smallish player in that. She seems to want to make France great again, by moving back to the days of overt colonialism, and also provide for workers.

On the other hand, we have Emmanuel Macron, whose major claim to fame beyond being a banker has been shifting French policy towards austerity, and who promises to do more of the same if elected.

Many American voters will, naturally, recognize the French dilemma. This election is not between a toxic candidate and a mainstream one but between two toxic candidates and the establishment is asking the French people to take one for the ECB.

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