M Le Boucher believes in himself all right. And he believes in international, globalising capital. That's who he works for.* And that may be a problem with many of France's "elites".
I think we mean the same thing, mostly. French elites now believe in what the Anglo-Saxon elites believe in: money, lots of. They do not believe in what made them the elite in France: a strong sense of duty that made them work (via the State) for the common good.
The deal was: little power sharing with the masses, but a duty to conduct policies that are decent for said masses. Now they still have little accountability (thanks to the Grandes Ecoles systèmes, the preemption mechanisms, and the almost impossibility to be kicked out of the elite, etc...), but they are grabbing the money at the expense of the masses.
At least in the Anglo-Saxon countries, the elites are kicked out of political power more rapidly. In the long run, we're all dead. John Maynard Keynes