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As France’s socialist government struggles to recover from the COVID-19 lockdowns and economic turmoil, they’ve devised a recovery plan that fits in perfectly with their radical progressive ideology. They’re going to spend huge amounts of money—equivalent to 4% of their entire annual economic output—on jumpstarting the nation’s economy with the majority of the money going to “green” initiatives.
You never let a serious crisis go to waste, I suppose.
Their plan is to pump tens of billions of Euros into environmental projects in an effort to convert the nation into one dependent on a green economy. According to the BBC:
Unveiling the plan, whose €100bn price tag is the equivalent of 4% of France’s annual economic output, Prime Minister Jean Castex said it was almost four times bigger than the rescue strategy implemented after the financial crisis of 2008.
Its goal is to move away from the emergency funding of the coronavirus crisis and to make long-term investments in employment and training, as well as in France’s transformation to a green economy. About €40bn of the funding will come from the new European Union recovery fund.
About €35bn has been earmarked for projects to make the economy more competitive, and €30bn will be used on greener energy policies. About €6bn is slated for making public buildings and homes better insulated. The hydrogen industry, a sector which is receiving huge investment in Germany, will get €2bn. The rest of the investment package will go on supporting jobs, training and broader social initiatives with the aim of creating at least 160,000 jobs next year.
Leftists in the United States will be monitoring this closely as it’s a microcosm of the Green New Deal. The similarities are striking, though the investment relative to the size of France’s economy is still much lower than what radical progressives in America envision for their project. With the far-left winning primary elections across America, including Green New Deal co-sponsoring Senator Ed Markey defeating Joe Kennedy III this week, it is conceivable that they can garner enough support to start implementing components if Joe Biden and Kamala Harris are elected in November.
The perceived success of France’s recovery will be used to promote it here in the United States. But just as socialism in Venezuela was once touted by radical leftists in America, so too will any benefits from the French plan be short lived. Striving for a green economy is an incremental process, but radical leftists use it as the predicate to create revolutionary economic changes. They know if their plan is implemented piecemeal, it has no chance of succeeding long enough to make it viable.
Modern Monetary Theory, which is one of their end goals for the U.S. and world economies, is reliant on rapid implementation. It must be done as a whole or it can never be done at all. This is why climate change alarmists have been co-opted as the vehicle through which to promote their plans. If seen as a counter to an existential threat, the chances of it being made operational increase dramatically.
In the short term, France’s plan will likely succeed. But it’s ironic that driving an economic plan based on environmental sustainability makes it nearly impossible for it to sustain fiscal viability in the long term.
COVID-19 may take down an independent news outlet
Nobody said running a media site would be easy. We could use some help keeping this site afloat.
Colleagues have called me the worst fundraiser ever. My skills are squarely rooted on the journalistic side of running a news outlet. Paying the bills has never been my forte, but we’ve survived. We have ads on the site that help, but since the site’s inception this has been a labor of love that otherwise doesn’t bring in the level of revenue necessary to justify it.
When I left a nice, corporate career in 2017, I did so knowing I wouldn’t make nearly as much money. But what we do at NOQ Report to deliver the truth and fight the progressive mainstream media narrative that has plagued this nation is too important for me to sacrifice it for the sake of wealth. We know we’ll never make a ton of money this way, and we’re okay with that.
Things have become harder with the coronavirus lockdowns. Both ad money and donations that have kept us afloat for a while have dropped dramatically. We thought we could weather the storm, but the so-called “surge” or “2nd-wave” that mainstream media and Democrats are pushing has put our prospects in jeopardy. In short, we are now in desperate need of financial assistance.
The best way NOQ Report readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We need approximately $11,500 to stay afloat for the rest of 2020, but more would be wonderful and any amount that brings us closer to our goal is greatly appreciated.
The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. This shouldn’t be the case as our traffic the last year has been going up dramatically. June, 2018, we had 11,678 visitors. A year later in June, 2019, we were up to 116,194. In June, 2020, we had 614,192. We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.
Election year or not, coronavirus lockdowns or not, anarchic riots or not, the need for truthful journalism endures. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.
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