Wolf Richter

French Government Fears ‘Social Implosions Or Explosions’ – Wolf Richter, Testosterone Pit

The daily drumbeat of layoff and plant-closure announcements in France has been riling up desperate workers who stand to lose their livelihood without much hope of finding a job elsewhere as unemployment has hit 10.5%. But now the government is worried about a “radicalization” of these angry workers. A major quandary: on one hand, the…