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economically great? >> it's not just france. it's really all of southern europe. you have a tradition of this state control. part of the public sector. in this case it's, what, closer to 35%? it's just a whole different relationship, joe, between the individual and the state. and people essentially have opted for degrees of security over anything that was risky, even if the risk had a potentially higher upside. people just always embraced a version of the status quo, which had -- >> do you see that, richard? >> not a lot. think about macron, his ambitious reform approaches would, what, scale back the size of the state sector from 56 or 57% to, what, 52%? it's hardly revolutionary. that's the real danger here. if he doesn't do well there, if he doesn't do a better job on security and figure out how to

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