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Paul Krugman

When the numbers just don’t add up

MAGA in the US and National Rally in France are both making voters big economic promises, but their ideas have some massive holes, writes Paul Krugman.

Paul KrugmanContributor

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France held the first of two rounds of parliamentary elections on Sunday, and its “far right” party won big. I put that in quotes because right-wing parties in Europe can differ from the American far right – the immigrant-scapegoating ethnonationalism is just as ugly, but the economic policies are less hypocritical. I’ll get to that shortly.

Before I go there, however, what are the implications of the strong showing by the National Rally (or RN, for Rassemblement National) party? As I understand it, it’s still unclear whether the RN will gain a majority of seats and if it will be able to form a government, and in general very unclear how France will function given the diminishment of Emmanuel Macron, who will still be president.

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    Original URL: https://www.afr.com/world/north-america/le-pen-s-and-trump-s-numbers-just-don-t-add-up-20240702-p5jqhh