Trade deficit: “The industrial archipelago”

On the one hand, hyper-profitable multinationals, on the other, an arch-deficit trade balance. There are indeed two Frances, that of the big industrialists who sail on globalization, defy crises with their factories all over the planet, and, further, the battalion of SMEs who produce everywhere in the country and struggle to sell beyond. of our borders.

The publication of a new record half-yearly trade deficit (71 billion euros!) does not mislead on the collapse of our industrial power and our lack of competitiveness. With or without an energy crisis, the share of our exports to Europe has steadily declined in twenty years, when that of our competitors has appreciated. Expensive to produce and not high-end enough, the “made in France” has lead in the wing.

All is not lost, however. France has fine industrial remains in many areas, and a school that trains many quality technicians, researchers and engineers. But no recovery…