During the 1960s and 1970s France was painted as a dirigiste state that used national economic planning. It had control over the flow of banking funds and government officials and leading businessmen were the key elements in creating the Grands Ecolesto mount an activist industrial police that would come to modernize the system to one that more resembles the current financial systems we see today. By then most of the power had shifted to Parisian technocrats that would be key in bringing France into the modern age.
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