QUESTIONER: I'm Gary Rosen from Commentary magazine. I'm not a French socialist, but if I were, licking my wounds this morning, I would say, "Well, we have our bureaucratic capitalism and we have 35-hour work weeks. We have all these lovely little cafes that, when you get rid of the rule about a small firm being 15 people or fewer, will be replaced by Starbucks. I have a generous pension. Why is it that I want your entrepreneurial capitalism? Why is my form of capitalism bad capitalism?
[CARL J.] SCHRAMM: Well, I was just there. And they were really nice to my children, and the food was great.
I think the answer is, you know, that is a cultural issue. That what you have described is a situation of satisfying. We're satisfied. But the externalities of what you pay for that are pretty extraordinary. Unemployment at 10 percent. That means people do live on the government.
How much security is the state going to provide you to prevent you from becoming creative?
If the price we must pay for a 35-hour work week, generous pensions, and a nation of small businesses is that employers may not adequately capture our "creativity" by tethering our whole existence to work, let me be the first to accept on their behalf.