Hard-left French leader Jean-Luc Melenchon has been described as a “radical” by right-wing opponents, a “despot” by former allies and a “hero” by some of the students who have taken to the streets in nationwide protests. The leader of the France Unbowed (LFI) party has emerged as the strongest contender on the left and potential challenger to far-right National Rally leader Marine Le Pen in next year’s presidential election. On Saturday, Melenchon is presenting his programme at a rally in Le Bourget, north of Paris, a day after it was published online.
Among his proposals, he wants to lower the retirement age to 60 and raise the minimum wage to 1,700 euro ($1,900) a month; pull France out of NATO and renationalise parts of the economy. He wants the European Central Bank to stop France repaying the debt it holds, effectively transforming the debt instead to a permanent interest-free loan – a move he hopes would give the government more room to spend. On Europe, he envisions France remaining in the EU, but he wants to refuse rules that conflict with the nation’s social, environmental or economic programmes, setting up a potentially confrontational relationship with Brussels.
His party is gaining momentum as protests led by students in mid-September swelled to include several groups angry about failing public services, rising living costs and uncertain futures. The hard-left leader has been hailed at marches, some of which have seen vandalism and looting. France’s finances and borrowing are under scrutiny as its budget deficit and debt levels are high, raising further doubts on how Melenchon’s ambitious spending plans, particularly on social programmes and public investment, could be implemented.
Some economists warn that his plans could cause investors to sell French government bonds, making it more expensive for France to borrow and potentially causing losses. LFI says higher taxes on wealthy individuals and corporations – another pillar of Melenchon’s campaign – would finance its spending plans. His proposals include a minimum 2 percent tax on the wealth of billionaires, restoring France’s wealth tax and increasing taxes on large inheritances.
His programme draws on a tradition of left-wing economic interventionism, rooted partly in Keynesian thought, that argues that the state should play an active role in the economy to reduce inequalities generated by the market. He moved to France as a child where he later graduated in philosophy and modern literature. In the 1980s, he joined the Socialist Party, but distanced himself from it when it shifted towards more liberal economics.
In 2008, he finally quit the Socialists and founded the Left Party, which would later evolve into LFI. The party appealed to working-class voters and marginalised communities and became popular with young people. According to this week’s polls, the presidential candidate is polling between 17.5 to 18 percent, widening the gap with his rivals in the left camp.
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