The French Socialist Party Has Run Out of Other People’s Money

Short of cash, Socialist Party was forced to move its headquarters from a Parisian mansion once owned by a princess to a converted factory in the suburbs, reports The New York Times.

More from The Times:

For decades, the headquarters of the Socialist Party, which held France’s presidency until just a couple of years ago, was ensconced in the heart of Paris — a stroll to the nation’s top schools; the Orsay and Louvre museums; the National Assembly and, across the Seine, the Élysée Palace. A constellation of Michelin-starred restaurants shined from every direction.

Today, its new home, in a converted pharmaceutical factory, shares a block with a scrap metal dealer and a beverage wholesaler, just behind the railroad tracks of the commuter transit system that services the “banlieue,’’ or suburb, of Ivry-sur-Seine. A party stalwart grumbled that his “GPS couldn’t find the street,’’ but even some locals seemed lost.

But this is not necessarily an advance for those advocating liberty. It is just a move in the direction of more government power from another direction. The Times notes:

Today, with the Socialists in disarray, France’s dominant parties are instead Mr. Macron’s La République en Marche and the far-right National Rally of Marine Le Pen.

-RW

(ht Steve Hanke)