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Costly autocracy

On 2026-04-30 0

There is something ironic about looking at France in this spring of 2026. The country that gave the world the motto Liberty, Equality, Fraternity is showing us, live and in high definition, what a pyramidal power produces when it breaks down.

When Autocracy Costs Billions

There is something ironic about watching France in the spring of 2026. The country that gave the world the motto Liberty, Equality, Fraternity now offers, live and in high definition, a demonstration of what happens when a pyramidal power structure seizes up.

The Fifth Republic rests on an autocratic architecture

Let’s recall the facts. Since the snap legislative elections of 2024, France has cycled through three prime ministers in less than two years, with repeated votes of no confidence. The Lecornu's episode will go down in history: appointed on a Sunday evening, he fell on Monday morning — fourteen hours in office, a record under the Fifth Republic. Comical, if the consequences weren’t so serious. This waltz of governments carries a very tangible cost.

According to the OFCE (French Economic Observatory), the political crisis that began in June 2024 shaved 0.5 percentage points off France’s growth by the end of 2025 — roughly €15 billion — calculated by comparing the economy’s actual trajectory with a scenario of continued governmental stability.

Economist Éric Heyer, author of the estimate, cautions that it should be taken “with care,” since isolating the political effect in an already sluggish global context is difficult. Fifteen billion, perhaps a bit less — but billions nonetheless, lost because one man chose to dissolve the Assembly by decree rather than build consensus.

That is the heart of the problem.

The Fifth Republic rests on an autocratic architecture: a president who alone decides the major orientations, an executive that pushes policies downward, and a structurally weakened Parliament. This model can function — when it enjoys a captive majority. But as soon as society fragments, the pyramid wobbles. And it falls.

Compare this with countries that chose another path: Germany, the Nordic nations, large cooperatives like Mondragon — all built structures where power is distributed rather than concentrated, where decisions emerge from genuine dialogue, not from token consultation.

The result?

An incomparable resilience in times of crisis. When consensus is built upstream, there are no surprises, no votes of no confidence, no billions evaporating. Significantly, 74 % of French citizens now favor more direct democracy.

This figure is not a populist whim. It signals a people who intuitively grasp what organizational research has confirmed for decades: cooperative systems produce better decisions, stronger commitment, and smoother execution.

The absolute leader — the main threat to stability

Liberated companies, worker cooperatives (SCOPs), and shared governance models are not utopian dreams of sandal‑wearing idealists. They are pragmatic responses to a real problem: how to make complex decisions in an uncertain world without letting a single person become the bottleneck of an entire system.

France 2026 offers a rare, real‑time, and costly lesson: the absolute leader is not a guarantee of stability, he is, more often than not, its principal threat.

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