What’s the matter with Europe?
On Sunday France will hold its presidential runoff. Most observers expect Emmanuel Macron, a centrist, to defeat Marine Le Pen, the white nationalist — please, let’s stop dignifying this stuff by calling it “populism.” And I very much hope the conventional wisdom is right. A Le Pen victory would be a disaster for Europe and the world.
Yet I also think it’s fair to ask a couple of questions about what’s going on. First, how did things get to this point? Second, would a Le Pen defeat be anything more than a temporary reprieve from the ongoing European crisis?
Some background: Like everyone on this side of the Atlantic, I can’t help seeing France in part through Trump-colored glasses. But it’s important to realize that the parallels between French and American politics exist despite big differences in underlying economic and social trends.
To begin, while France gets an amazing amount of bad press — much of it coming from ideologues who insist that generous welfare states must have disastrous effects — it’s actually a fairly successful economy. French adults in their prime working years (25 to 54) are substantially more likely than their U.S. counterparts to be gainfully employed.
They’re also just about equally productive. It’s true that the French overall produce about a quarter less per person then we do — but that’s mainly because they take more vacations and retire younger, which are not obviously terrible things.
And while France, like almost everyone, has seen a gradual decline in manufacturing jobs, it never experienced anything quite like the “China shock” that sent U.S. manufacturing employment off a cliff in the early 2000s.
Meanwhile, against the background of this not-greatbut-not-terrible economy, France offers a social safety net beyond the wildest dreams of U.S. progressives: guaranteed high-quality health care for all, generous paid leave for new parents, universal pre-K and more.
Last but not least, France — perhaps because of these policy differences, perhaps for other reasons — isn’t experiencing anything comparable to the social collapse that seems to be afflicting much of white America. Yes, France has big social problems; who doesn’t? But it shows little sign of the surge in “deaths of despair” — mortality from drugs, alcohol and suicide — that Princeton economics scholars Anne Case and Angus Deaton have shown to be taking place in the U.S. white working class.
In short, France is hardly a utopia, but by most standards it is offering its citizens a fairly decent life. So why are so many willing to vote for — again, let’s not use euphemisms — a racist extremist?
There are, no doubt, multiple reasons, especially cultural anxiety over Islamic immigrants. But it seems clear that votes for Ms. Le Pen will in part be votes of protest against what are perceived as the highhanded, out-of-touch officials running the European Union. That perception has an element of truth.
Those of us who watched European institutions deal with the debt crisis that began in Greece and spread across much of Europe were shocked at the combination of callousness and arrogance that prevailed throughout.
Even though Brussels and Berlin were wrong again and again about the economics — even though the austerity they imposed was every bit as economically disastrous as critics warned — they continued to act as if they knew all the answers, that any suffering along the way was, in effect, necessary punishment for past sins.
Politically, Eurocrats got away with this behavior because small nations were easy to bully, too terrified of being cut off from euro financing to stand up to unreasonable demands. But Europe’s elite will be making a terrible mistake if it believes it can behave the same way to bigger players.
Indeed, there are already intimations of disaster in the negotiations now taking place between the European Union and Britain.
I wish Britons hadn’t voted for Brexit, which will make Europe weaker and their own country poorer. But EU officials are sounding more and more like a jilted spouse determined to extract maximum damages in a divorce settlement. This is just plain insane. Like it or not, Europe will have to live with postBrexit Britain, and Greecestyle bullying isn’t going to work on a nation as big, rich and proud as the U.K.
Which brings me back to the French election. We should be terrified at the possibility of a Le Pen victory. We should also be worried that a Macron victory will be taken by Brussels and Berlin to mean Brexit was an aberration, that European voters can always be intimidated into going along with what their betters say is necessary.
Let’s be clear: Even if the worst is avoided this Sunday, all the European elite will get is a time-limited chance to mend its ways.