Almost all of the French industry is led by 'cronies'. Macron is the 'top crony' - he was plucked from the layer of 'new young cronies' to save France from Le P

Almost all of the French industry is led by 'cronies'. Macron is the 'top crony' - he was plucked from the layer of 'new young cronies' to save France from Le Pen. In Europe, since the revolutions, the primary marker of crony isn't so much birth, it's education, i.e. Oxbridge/Grande Ecole etc., but once they're through that 'kind of egalitarian' gamut of education, it's mostly 'crony' from there on in. This has a kind of nationalist/communitarian aspect which can be helpful in times such as this (cronie CEO is buddies with cronie Minister of Finance), but it's generally not good for competition and global competitiveness.