Courtesy of Mish.
A recent poll in France shows 59% of those surveyed for “Les Echos” consider economic patriotism “effective redress for the French economy.” Only 38% disagree.
This no doubt will please Arnaud Montebourg, the Minister of Economy and Productive Recovery and singer of “Made in France”.
I have commented on Montebourg numerous times before.
Here’s a notable image from Made in France: Montebourg Ridiculed in Text and Pictures; France Goes After “Red Bull” Energy Drinks to Finance Social Security.
Above: Montebourg advertises “Made in France” while holding Moulinex blenders and wearing classical “marinière” shirts.
Economic Patriotism Cannot Succeed
Economic patriotism as championed by Montebourg cannot possibly work.
Every country wants to increase exports. But how can every country do that if they all engage in economic patriotism?
On an individual basis, does it make sense to buy crappy cars just because they are “made in America”?
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