Believe in individual initiatives, in courage, in risk.
We ask our companies to restructure; we ask employees to work more for less money because there is overproduction, but then we're unable to defend them from cheaper Chinese imports. We are insane.
Interpretation
What this quote means
The quote highlights the contradictions in economic policies where companies are restructured and employees are overworked, yet they face competition from cheaper imports.
Emmanuel Macron expresses frustration at the economic paradoxes faced by countries that impose restructuring on their companies and expect employees to accept reduced wages while simultaneously failing to protect their industries from cheaper foreign imports. This situation reflects a broader insanity in economic management, as it places an unfair burden on workers and fails to address competitive pressures effectively.
Themes
In practice
Example use cases
This quote can be used in a discussion about economic policies in a business seminar.
More from Emmanuel Macron
All quotes →Europe and the world are waiting for us to defend the spirit of the enlightenment everywhere.
A romantic or classical view of the French approach would have been to say, 'It's a French company; let no one attack it. Let's block any merger. But the reality is Alcatel-Lucent is not a French company; it's a global company. Its main markets are China and the U.S. Its ownership is foreign; most of its managers aren't French.
Popularity isn't my compass. Unless it can help one to act, to be understood... that's what counts.
Our mission... it will be difficult, it will take time, it will be demanding for all men and women... will be to act in such a way that French people of the Muslim faith are always more proud of being French than of being Muslim.
I will defend Europe; it is our civilisation which is at stake... I will work to rebuild ties between Europe and its citizens.
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Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.