Is France a country of "financial capitalism"?
We seek to determine whether France has the characteristics of a country of financial capitalism. These characteristics (that are visible for example in the United States) are as follows: Income distribution at the expense of employees leads to very high profitability; Companies use debt leverage to increase the return on equity and finance share buybacks; Low social welfare spending makes it possible to have a low corporate low tax burden; The adjustment of employment during recessions is drastic in order to maintain corporate profitability. None of these characteristics appears in France: France is therefore not a country of "financial capitalism", contrary to numerous claims.