We'll see. In the long run, we're all dead. John Maynard Keynes
The big triumph of neoliberalism comes when the folks who manage pension funds suddenly discover they can make a LOT more money investing in hedge funds. Even union pension managers and folks managing funds for retired clergymen and teachers fall prey to the siren call of magic profits.
Meanwhile, the real economy and the folks who run it get hammered. I would LIKE to think that the French productive classes will riot where the Americans, Brits, Swedes, and Germans caved. If they can thwart neoliberalism, then the French will have performed another service to humanity.
This is important--so long as economic thinking is controlled by people who believe geometric profit extraction is possible in a finite biosphere, we are doomed. It is that simple!!
Good LUCK! "Remember the I35W bridge--who needs terrorists when there are Republicans"
The one thing going in France's favor is that there seems to have been a rising trend of activism and political organizing, whereas Reagan and Thatcher took power amidst a backdrop of declining political mobilization. The victory over the CPE may prove to have been a major precedent. However, if protest turns to rioting, then it will simply make Sarkozy's position that much stronger. And I would expect Sarkozy sat and watched Villepin and Chirac cave on the CPE and thought to himself "when I am in the Elysée I won't give in."
While the PS clearly has its work cut out for it, so does French civil society, which has to begin finding a way to challenge protest away from aimless rioting and toward something with a clear political focus. And the world will live as one