France’s Pension Crisis and North African Immigration

France’s pension system is facing severe tests, influenced by population aging, low fertility rates, and challenges in immigration integration. These factors amplify the fiscal pressures of the pay-as-you-go model. From my observation, while North African immigrants provide labor supplementation, their lower productivity and generous family reunification policies may exacerbate future retirement expenditure burdens, thereby threatening … Continue reading France’s Pension Crisis and North African Immigration →

High Cultural Spending, Low Curatorial Freedom

The Economic and Democratic Paradox of France as a “Cultural Power” Judging by aggregate figures alone, France has every reason to present itself as a “cultural power.” When national and local government spending are combined, public expenditure on culture has long hovered around 2% of GDP, well above the EU average and higher than in … Continue reading High Cultural Spending, Low Curatorial Freedom →

From Venezuela to France: How Democracy Destroys Itself in the Name of “Good Intentions”

I often find myself thinking about Venezuela. It is not a distant Latin American tragedy, but rather a mirror reflecting the trajectory of France, and, more broadly, of Western civilization itself: a movement from democracy to systemic infantilization, from moral virtue to self-destruction. I care less about Maduro as a dictator than about the invisible … Continue reading From Venezuela to France: How Democracy Destroys Itself in the Name of “Good Intentions” →

2026 | Events I Am Paying Attention To

January Bulgaria formally adopts the euro, with its GDP now exceeding that of Luxembourg. The symbolic meaning of eurozone expansion often outweighs the economic substance itself. Greg Abel becomes CEO of Berkshire Hathaway, with Warren Buffett remaining as chairman — for the first time, I genuinely feel that the Buffett era is entering its countdown. … Continue reading 2026 | Events I Am Paying Attention To →