Over drinks at the local watering hole some friends and I were talking about the supposed U.S. boycott of French products. One friend, an Oxbridge-trained fromer Magic Circle solicitor, cut through the BS, analyzed the issue, and offered his recommendation, “So what? Who actually uses anything made in France or manufactured by the French, or done by a French company?”
The started us thinking. Do any of us actually use French products or have any day-to-day commercial dealings with French companies? Who drives a French car? Uses a French-made computer? Listens to French pop-music on a French-made DVD player? Who uses a French-based law firm or bank or accounting firm outside of France (e.g. no French answer to PWC, Baker & KcKenzie, Goldman Sachs, ABN AMRO, Barings, Swiss Re, Credit Suisse, McKinsey & Co, etc.)
One person pointed out that France makes wine, cheeses, pate, foix gras, and other so-called luxury goods. But most of the bottle shops and restuarnats sell primarily Australian, Californian, South African, Italian, Chilean, and even German wines. (NOTE: Our local Balinese wines can be quite good! I strongly recommend the “Alexandria” from Hatten Vineyards). Fashion seems to be dominated by the Italians, Brits, Americans, and the Japanese (at least in this part of the world).
Another person mentioned the French-based Airbus company. But that is really a European consortium and the real, heavy engineering is done in Britain and Germany. The final assembly takes place in France. She also mentioned that “Vivendi” owns the Universal movie studo.
A third person mentioned weapons systems. France will sell guns, bombs, planes, missile systems, and nuclear reactors to any despot with a EU-denominated Swiss bank accound. Unless you are the head of an impoverished, third world country, this particular area of French industry does little to help you.