Western Europe: Le Plan

Aside from the troubles of the Common Market, perhaps the most widely discussed economic topic in Europe is a spreading phenomenon known as "Le Plan." So called because the French, having Gallicized what they found useful to borrow, have pushed it hard at home and proselytized for it throughout Europe, Le Plan is a form of state economic planning, somewhere between Western capitalism and socialism. It is becoming a favorite device in Western Europe, designed to expand business, brake inflation and put critically short capital resources to the most productive uses.

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