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What is left unsaid of French electoral dilemma


http://www.edu-irep.org/actu.htm


After the "surprise" of the first-ballot results, in French presidential election, it 
took only some hours for the edifying legend, devoted to reassure French and foreign 
people engaged in the political struggle, to be said and written. The current 
explanation is double: an important part of French voters has become racist and 
xenophobic, as in some neighbouring countries, and there were too many left-wing 
candidatures. It follows a binary choice for the second ballot: on one hand the 
extremist venture, on the other hand the republican values. From the left, as from the 
right, people are then going to "bar Le Pen". Too bad for the left-right divide, 
besides already rather fading after two "cohabitations" and years of common European 
policy. Too bad, incidentally, for "democratic liberties" and for "rights equality" 
that are not to be granted to voters whose votes are not good, even if they come from 
traditional strongholds of the left. The respect for universal suffrage cannot prevail 
over "modernity". Is it a reason, on the pretext of disagreeing with the policy of 
both Mister Chirac and Mister Jospin, for not pushing them to the second ballot which 
was their natural and expected rank?

Actually, the campaign of both second-ballot candidates runs in the very field of 
extreme right. It is merely, indeed, an escalation on the topic of insecurity. Now, 
France is still far to experience US towns' insecurity. That the candidates exaggerate 
the problem of security at every possible opportunity is a product of ordinary 
demagogy and would not deserve to be highlighted. On the other hand, that a 
population, who predominantly has still been neither victim nor witness of an assault, 
offers a sound box to that topic is much more interesting.


Actually, there is an enormous discrepancy between politicians and population. The 
first ones invoke only criminal acts, while the feeling of the second one involves all 
uncertainties and alarms that henceforth dominate her daily life: real or expected job 
insecurity, uncertainty of incomes and pensions, excessive debt, crisis of education, 
the lack of perspective for youth, the dropping confidence in the future. The source 
of these alarms can be summarized by a name that has become symbolic: Maastricht. 
Would it be there the true aim of that second ballot?


One could believe it, since Maastricht Treaty's permanence or revocation indeed seem 
to be confronted through Chirac's and Le Pen's candidatures. On one hand, the 
continuation of European integration, on the other hand its interruption. The choice 
would be then between, on one hand, a Maastricht fatality that can be exceeded, but 
with the republican values, and, on the other hand, a halt to social and national 
dissolution, but with the xenophobia. But this dilemma is only a seeming one.

In what extend is the Treaty of Maastricht at the origin of the very real damages 
which the population is subjected to? The answer lies in the treatment of "budget 
deficit". We can say that this aspect of the question is totally ignored of the 
political debate. For most people, it is a rather abstract question. The relationship 
between the budget deficit and the daily life is hard to realize, and most of 
parliament members themselves are besides quite unable to do it. The proof is that we 
saw the elected members of left majority readily voting, every year, a budget in 
keeping with Maastricht's "convergences" in, then protesting in the streets and in the 
media against the consequences of their vote, by the side of its victims. No duplicity 
in this attitude, simple ignorance.


Ruling-left members, these very ones who have led France into an accelerated process 
towards euro , at the cost of one million more unemployed, of a growing labour 
casualization and of economic desertification of large parts of the territory - what 
the right would not be able to succeed in - believed wholeheartedly in the quality of 
their results. They are now claiming to be mortified by the voters' ingratitude; and 
the most astonishing is that this indignation is not a feigned one.

It is then necessary, before going any further, to focus on the mechanism of what is 
incorrectly called "budget deficit", on Maastricht's clause related to it and on its 
economic and social consequences.

In a household budget, it goes without saying that the exceptional on-credit expanses 
do not belong to the current account, as such. Only monthly payments for them are 
taken in account. Now, according to a reason that is related to a pure belief, this 
logic is refused to public expanses. Such is the first disposition of Maastricht's 
Treaty which by degree imposes in time a "deficit" close to zero. Then, the State 
would not have the right to putting in debt. Except through bonds issues, but a second 
disposition limits this possibility to an arbitrary percentage (60%) of the yearly 
product (GDP). If such a disposition was extended to the whole economy, there would be 
no more investment, as investment always exceeds the yearly turnover.

 

The belief that governs these irrational dispositions is nothing else than 
"inflation". "Budget deficit" would be guilty of causing inflation. This dogma has 
never been proved. Actually, it is rather proved that "budget deficit" is a factor of 
growth, even historically the main factor of growth. Now, it is growth which is a 
factor of inflation. So, the regressive consequences of the "struggle against 
inflation", and in this aiming the suppression of "budget deficit", become clearer. 
This suppression depresses growth which in its turn depresses the price index, that is 
true, but employment, public income, debt capacity and payment capacities, too.


And it becomes now clearer that if Maastricht's malediction will not be lifted by 
Chirac, it is not obvious that it would be by Le Pen, as the simple (indeed desirable) 
revocation of that treaty does not cancel the belief in the relationship between 
inflation and "budget deficit". Put in front of a growing inflation due to growth, 
what would Le Pen do? There is much to bet that he would do as the others: cracking 
down on public expanses and on salaries. But Jospin and his plural allies would either 
do nothing else.



Le Pen criticizes Maastricht only from a nationalist point of view that is besides not 
inept. Chirac, symmetrically, pleads against isolationism that is not unfounded. But 
both are in agreement on economic management, as they share, besides with the left and 
with most of people, some dogmas well entrenched into the consciences and which govern 
the crisis. Dogmas which the minds probably will not abandon but, maybe, after some 
cataclysm or after a long while of sleeping thought.

Romain KROES

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