Jobs in the manufacturing sector are vanishing: 400,000 have been lost in the past five years. The country's weight in international markets has not ceased to recede: last year, 13.1 percent of total European exports of manufactured goods originated in France, down from 15.7 percent a decade ago. The share of the manufacturing sector in GDP is the lowest among Eurozone countries: 9.3 percent in 2010, or less than half of Germany's 18.7 percent.
In his book, Conscience of a Liberal, Paul Krugman lauds France's welfare state, which implies that the US should adopt it. With these results, is that really such a good idea?
Maybe France should build a Berlin Wall? If you want to leave, the government intends to stop you.
Little wonder, too, that President Hollande has created a ministry of "Productive Recovery" to act as a watchdog against relocations.
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