how purchasing power has become the common thread of the Macron presidency

by time news

2023-11-17 20:50:45

By John Timsit

Published 5 minutes ago, Updated now

Emmanuel Macron during a television show, looking back on his five-year term, in December 2021. LUDOVIC MARIN / AFP

BIG STORY – The emergence of the social question during the last two five-year terms has forced Emmanuel Macron to renounce some of these liberal ambitions. While knowing that his 2017 program aimed more at emancipating citizens than worrying about their “remainder of life”.

Has Emmanuel Macron thought about it? The date of November 17 would be significant, as it impacted the presidential philosophy and the course of his years in power. This Friday marks, in fact, the fifth anniversary of the first mobilization of “yellow vests“. A turning point for the young head of state, whose debut at the Élysée took place without major problems. Without significant social discontent. Without unexpected blockages of the country. Elected on a promise of liberalization of the economy in 2017, in which citizens were to emancipate themselves through work, Emmanuel Macron will see the rest of his mandate deviate from this initial project.

From crisis to crisis, the tenant of the Élysée adapts. Transforms. Reinvent yourself. From a revolt of the middle and working classes in the fall of 2018 to the boom in food prices in 2023, through the Covid crisis in 2020 then the energy crisis of 2021-2022, the president has never stopped seeing its programmatic ambitions crash into the wall of purchasing power. Forcing him to take out the checkbook at regular intervals. To the great dismay of supporters of budgetary rigor. A look back at these economic, social…and of course political upheavals.

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