France: Domestic ownership of companies is a strategic objective of economic policies

It is important whether or not French companies are owned by French investors and not predominantly by non-resident investors : th is would avoid having to adopt different standards (in particular Anglo-Saxon) of capitalism and it would limit offshoring. The following conditions must be met for French companies to be owned by resident investors : The taxation of capital (capital income) must be more or less the same in France as in other countries; The incentives to hold money-market or risk-free assets must be abolished; An element of funded pensions must be introduced in the pension system.