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November 6, 2012 11:00 pm
From Dr Frank Peel.
Sir, Fabien Cohen, leader of the “pigeons”, may be right about his decision to fly away from France and its bad atmosphere for entrepreneurs (“Reluctant to reform”, Analysis, November 2). But he may be disappointed when he lands in San Francisco. California hardly looks like the promised land any more, with its rising taxes and regulations, and bankrupt finances. He will probably instead move on to Texas, which has taken over from California as the cutting edge of America.
In any event, the loss to France of people like him is permanent and badly damaging in our age of revolutionary change brought about by globalisation and the information revolution.
Poor France. Poor Europe. Lucky America.
Frank Peel, Naples, FL, US
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