French economic policy after COVID needs a step change, not changes at the margins

Recessions lead to a fall in potential growth. Given its low level before the COVID crisis, France’s potential production could become extremely low after the crisis (0.5% per year?), which would create many problems. To lift France’s potential growth, given the severity of its structural problems, the country needs a step change in economic policy and not just improvements at the margin s of existing policies. For example: The c reati on of a universal income targeted at the most vulnerable, including young people; A s harp and rapid increase in the retirement age to obtain a significant reduction in public pension spending, making it possible to significantly - not marginally - lower corporate taxes; A skills shock , brought about by increasing the capacity of the training system and getting young dropouts back into employment or training; Partner ship between the state and large companies in industries of the future, with large-scale public and private financing based on the DARPA model in the United States or METI in Japan.