One of the greatest examples of the farce that is socialist economic theory was France under the latest reign of its Parti Socialiste (no translation needed). Their solution to the country’s rampant unemployment was to ram through a law that limited the amount of hours any one individual could work to 35; the theory being everyone would have a job and numbers would therefore reflect full employment. Of course, limiting hours limited production and economic stagnation ensued. The law was quickly repealed.
Don’t forget you can visit MyAlerts to manage your alerts at any time.