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but capitalism MUST be unregulated in order to survive -- a "mixed economy" or a welfare state is a contradiction. the labor laws in france are a GROSS violation of workers' rights . . . they essentially state that an employer has no right to fire a worker, even if he is deemed incompetent or a lawbreaker. additionally, it gives the french public the deluded idea that they have the "right" to a job -- which they don't; they must EARN it by merit, since that's how capitalism works. if you don't earn your keep, you're out; in a competitive market, that's the only way to keep quality high and prices low (otherwise companies will be burdened with a labor force onto which they must hold, even when it is comprised of people who, knowing their jobs are completely secure, no longer have any incentive to work hard and do well).
and, the author failed to consider that the unemployment rate is DIRECTLY caused by the labor laws. consider this: let's say you're an employer and you're trying to hire people. now, knowing that whomever you chose to hire you would have to hire pretty much FOR LIFE with virtually no possibility of being fired, wouldn't you be a bit reticent before hiring? wouldn't you want to know every possible meticulous detail about the candidates before making a decision? whereas if you could hire and fire candidates at will (as is any employer's moral right), you would have no qualms about hiring workers whenever you wanted, knowing that if it didn't work out you could always try again.
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