Madelin, a strong supporter of laissez-faire economics, was a candidate in the 2002 French presidential election as the leader of the Démocratie Libérale party, where he scored a meager 3.91% on the first round. He is now a member of the Union pour un Mouvement Populaire party and a deputy in the French National Assembly.
He was minister of Industry in Prime Minister Jacques Chirac's cabinet from 1996 to 1988, a minister of Business in Prime Minister Édouard Balladur's cabinet from 1993 to 1995, and a minister of Economy and Finances in Prime Minister Alain Juppé's cabinet.
Madelin is the French major politician the most in favor of the international policies of the United States, and supported George W. Bush's invasion of Iraq.
He used to be a member of the Occident and Ordre Nouveau violent far-right groups.
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