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🇫🇷🇪🇺 France's riots are a warning that Europe's economic model is starting to break down.
I spoke with economist Richard Murphy about the unrest spreading across France and why he believes the anger runs much deeper than politics.
His argument is that an entire generation has been promised a future it can no longer afford.
Young people are graduating with debt, struggling to find decent jobs, and watching homeownership slip further out of reach.
Murphy gave a striking example from Britain.
When he qualified as an accountant, he could buy a three-bedroom flat for twice his annual salary. Today, he estimates the same property would cost more than twelve times the equivalent salary.
Meanwhile, asset owners have grown wealthier, public services have deteriorated, and governments keep insisting there is no alternative.
Murphy blames decades of economic policies that prioritized financial wealth over productive investment.
But his warning extends beyond France.
He sees a potential AI stock market crash, another financial crisis, persistent energy shortages and rising food costs converging in 2027.
And he believes European governments are dangerously unprepared.
His central point is that people aren't simply angry about what they've lost. They're angry because they've done everything they were told would lead to a better life, and the better life never arrived.
@RichardJMurphy
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