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Chamath: France Won’t Fix Itself. The Bond Market Must Force Its Hand.
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Chamath: France Won’t Fix Itself. The Bond Market Must Force Its Hand. “I think the people have a responsibility to understand the numeric reality in which they are living. (The French) are living in a state that is spending more than any communist utopia that they hoped to achieve. Yet the outcomes are broken, which means the system is broken, and you need to reset that. And the government will not reset it on its own, and so the bond vigilantes will have to do it for them. I think they need to
1:06
Chamath: France Won’t Fix Itself. The Bond Market Must Force Its Hand. “I think the people have a responsibility to understand the numeric reality in which they are living. (The French) are living in a state that is spending more than any communist utopia that they hoped to achieve. Yet the outcomes are broken, which means the system is broken, and you need to reset that. And the government will not reset it on its own, and so the bond vigilantes will have to do it for them. I think they need to
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