Paul Krugman
Sat Dec 07 12:00:20 +0000 2019

Oh, dear. I wake up to see that my colleague Bret Stephens is bashing France. The French do have problems. But their biggest economic disease is hypochondria 1/

Yes, French GDP has grown more slowly than GDP here. Much of that is slower population growth. And you do need to ask, growth for whom. Most French live *better* than their US counterparts 2/

The French are *more* likely than Americans to have jobs during their prime working years 3/

And they live longer than we do — a gap that has grown a lot over time 4/

Oh, and the main reason their GDP per capita is lower than ours is that they take much more vacation. If all that sounds to you like a socialist hellhole, well, I guess you're entitled to your opinion. 5/

Sat Dec 07 12:08:52 +0000 2019