A Cautionary Note from French Economists

"Socialism has never succeeded in its extreme form, communism. As the past several years in Europe have shown, it does not work in its milder form of social democracy either. If European history teaches us anything, it is that prosperity is closely correlated to economic freedom… Growth cannot be decreed: It is the result of unpredictable decisions and actions by countless individuals, all capable of effort and imagination. And growth can only come if these countless individuals’ impulses are not paralyzed by regulations, taxes, or dependence on the state."

http://blog.heritage.org/2012/05/04/a-cautionary-note-from-french-economists/