'Economist and Geopolitical Analyst, Peter Koenig, says that French President, Emmanuel Macron, is pursuing a policy against his pre-election promise, “en marche” movement.
Commenting on Macron’s taxing policy, former World Bank Economist says “he transforms public wealth into private wealth and shifts it upwards” by “slashing taxes for the rich, and imposing new taxes on poor and middle-class citizens, reducing pensions, unemployment, health benefits, etc.”
Peter Koenig believes the move by the yellow vests is an “opportunity for change” which “can indeed be spread to other countries in Europe and the United States”.
Below is the full text of the interview.
Fars News Agency: The protesting Yellow Vests want Macron out of Elysee. How has Macron turned to a figure intensely disliked by so many of his own people?
Peter Koenig: The French were disgusted by President François Hollande, Emmanuel Macron’s Predecessor. Hollande was nominally a ‘socialist’, but he had no backbone, and sold France out to neoliberalism. Actually, Hollande was the epitome of the non-distinction of parties; i.e. no matter what the party color, the overarching ruling force throughout the western world had become ‘neoliberalism’ – in many cases bordering on neo-fascism. France was a case in point – and was well-prepared for what was to follow. Up came the new King Macron, who had no party, and still has no party, but a movement called, “en marche”, meaning more or less “let’s move forward”.
From 2014 to 2016, Macron was Minister of Economy and Finance, a period during which he prepared the very unpopular new “Labor Law”, under which eventually workers might lose most of their accumulated labor rights, could be hired and fired by industry without hardly any protection. The law was finally implemented during Macron’s first year in Office.
Previously, from 2008 – coincidentally the year when the man-made ‘financial crisis’ began – to 2012, Macron was a successful investment banker at Rothschild Bank, where he learned the ropes of international finance, debt restructuring and, in fact – debt-enslaving.'
Read more: France – Macron Does Not Fulfill His Campaign Promises of 'Government of People for the People'
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