Paris Burning and the Existential Crisis

So French President Emmanuel Macron was forced to delay implementation of his carbon tax hike because the peasants were revolting French citizens were blocking traffic, burning vehicles, and battling police throughout the streets of Paris.

Nearly 300,000 protesters, many wearing yellow vests, took to the streets, including tens of thousands in Paris. Participation in the “yellow vest” protests, named after the yellow vests French drivers are required to keep in their vehicles for emergencies, fell to approximately 166,000 with 8,000 in Paris in the second weekend, but by the third weekend the protest gained momentum and violence.

The protests were sparked by Macron’s plans to increase taxes on gasoline, diesel, and electricity, and to enforce stricter limits on emissions from vehicles, in an effort to force people out of their cars and suburban homes, and onto public transit and back into densely populated cities. In Paris, protesters sang the national anthem and carried signs saying “Macron, resignation” and “Macron, thief,” and stormed barricades erected by the 3,000 to 5,000 security forces deployed to guard the presidential palace and National Assembly. Outside of Paris, protestors blocked highways, overran motorway toll booths, and obstructed access to gasoline stations and shopping malls.

On average, French gasoline costs a whopping $7.00 per gallon, and diesel more than $6.00 per gallon, with a majority of the price coming from fuel taxes imposed by the national government. These taxes had been scheduled to increase annually in the coming years, to meet Macron’s carbon dioxide emission reduction goals.

“We’re going to tax you until you bleed until you adopt a lifestyle more in tune with the way we think you should live.” For global leftists elites, global warming is not just a holy cause, but an existential struggle whose high stakes (“We’re all going to die!”) require ignoring any democratic pushback from the less-enlightened masses. And we’re just supposed to ignore the fact they write themselves cushy green energy tax breaks while imposing the overwhelming majority of the costs for such policies on ordinary people who live differently than they do. (While Paris burns, Macron is conspicuous by his absence.)

But it’s important to remember that conservatives have an existential threat of their own (deficit spending triggering hyperinflation that will destroy the economy), the solution to which (cutting back on the welfare state) is also deeply unpopular with wide swathes of the populace.

The difference, of course, is that the doomsday scenario of anthropocentric global warming is entirely conjectural, while hyperinflation has happened several times throughout history.

This is why you’re seeing the signs of that weird left-right populist nationalist fusion across Europe: No taxes increase, but also no welfare state cuts, while also restricting immigration so only natives get the cushy welfare handouts. That seems like an obvious recipe for electoral success in countries where even the EU’s weak tea “austerity” is increasingly unthinkable. But it’s not a recipe for growth, and can’t stave off the inevitable doom of a demographically unsustainable welfare state. In America it takes the form of President Donald Trump, a dogged tax-cutter and deregulator working diligently to get the economy growing again, but not someone who has tried to pare back the deficit or the welfare state in any meaningful way.

Europe’s sclerotic economy and demographic decline are going to bring on a crisis there long before it hits here, but it will eventually hit here. In the long run, the big government welfare state is likely to be seen as one of the longer-running mass delusions in history.

There will come a reckoning. The only question is whether you and I will be there to see it…

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