And in fact, France has a lot of homegrwon private equity funds, who have never been prevented by our "rigid" labor market from investing and making money.
The schizophrenic bid is that these investors are betting money on the traditional French strengths (lotsa a taxes and lotsa rigidities seem to have posivite collateral benefits) while pushing hard to unravel these things in an attempt at capturing all that latent wealth going to workers, pensioners, kids and other associated parasites. In the long run, we're all dead. John Maynard Keynes
oh come now J, you hail from the land of foie gras and you don't recognise the predacious pattern of fattening for slaughter? or takeover bid with liquidation in mind? they know very well that the French economy works quite well (in money terms), and they plan to make a one-time windfall on looting it. who cares about continuous returns, they want one big heist, and the obvious target is the most successful store.
all same deal with the takeovers of US firms to loot their pension funds... they are successful firms in part because they treat their workers well, so let's take them over and loot the lot and dump the workers over the side. banditry plain and simple, wait for someone else's patient labour and foresight to accrue a stash of value, then kill the bees and steal the lot.
in bandit infested failed states, no peasant wants to advertise in any way the extent of their wealth or success, because at the first sign of a surplus, well fed kids, an orderly and prosperous farm, the bandits will appear and sack the place. I guess France looks like a prosperous farm with well fed kids, so here come the bandits. The difference between theory and practise in practise ...
