France's rigid economic system sustains privilege and inspires resentment.The French political response to the continuing riots has focused most on the need for more multicultural "understanding" of, and public spending on, the disenchanted mass in the country's grim banlieues (suburbs). What has been largely ignored has been the role of France's economic system in contributing to the current crisis. State-directed capitalism may seem ideal for such American admirers such as Jeremy Rifkin, author of "The European Dream," and others on the left. Yet it is precisely this highly structured and increasingly infracted economic system that has so limited opportunities for...