Do They Owe Us A Living?

Roderick Long has a characteristically insightful and provocative post on the labor law brouhaha in France. Here’s the money quote: “…in general a removal of restrictions on an entity doesn’t count as a move toward liberty if the entity is still a substantial recipient of government privilege or subsidy.” In other words, before free market types get misty over this very modest bit of liberalization, shed some tears over the corporate welfare that’s keeping the bosses in business.