“Hollande has created a ministry for industrial recovery and talked about restoring French competitiveness. He’s dismayed left-wing supporters by raising the minimum wage far less than they’d hoped. The message has been that business has nothing to fear from him. But entrepreneurs and the wealthy aren’t reassured. They think the man who once announced on television his dislike of les riches remains a menace, and they’re threatening un grand départ to escape the French taxman.” My latest for Maclean’s magazine.