If the left should win power in the French elections, predicted Economist Otto von Fieandt, "1978 will be the year of the free lunch." He might have added that it would be the costliest lunch in French history. Many analysts who have dissected the left's platform, or Common Program, believe that it will cause severe economic problems and gravely disrupt France's relations with the rest of Europe. Even some Socialist thinkers accept this analysis—if not publicly.
What, in fact, would be the economic consequences if the Common Program were actually introduced? Some views from the experts:
Wages The Socialists' and Communists' promise to...
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