The other day I criticized overzealous republicans for likening Sarkozy to a monarch. Today I will criticize
The New York Times for committing
another misplaced analogy, comparing today's French elite to the Ancien Régime.
The fallacy is exposed in the article itself, but the writers are too pleased with themselves to notice. They point out that the elite, though cemented by personal bonds and prepared by just a few schools (they concentrate exclusively on X and ENA), is much more meritocratic than the comparable American elite. This is an aristocracy only in the etymological sense: rule by excellence (narrowly measured), not by hereditary transmission (except to the extent that excellence can be passed on by cultural, non-genetic means, and this is an important caveat, since many elite recruits are the children of teachers and professors). Numerous graduates of these and other top schools (and of the Club des Cent, which serves the writers as a convenient architectural metaphor, rather like the Palace of Versailles, enclosing everyone who counts within a hall of mirrors) come from relatively "humble" backgrounds (though not as humble as the writers imply: they might have profited by reading any of the many studies of mobility in France, which consistently show that the recruitment pool is not uniform and that some elements of the French population are all but excluded from hopes of meritocratic advancement).
The journalists limit their attention to the top 40 French companies, more than half of which are run, they say, by graduates of these two schools. What is noteworthy is that top French firms select their top executives for the kinds of skill, savoir-faire, and breeding transmitted by these schools, not the fact that elite schools feed the elite. Elite schools in the US also feed various elites: ask, for instance, how many partners of Goldmann Sachs attended Ivy League schools. But other companies recruit elsewhere, especially manufacturing companies, and American executives are therefore more likely to have risen through competition within the world of business.
The entire article seems to have been prompted by the fact that Daniel Bouton, graduate of X and member of the Club des Cent, remains in his position at the head of SocGen, despite the scandal. Yes, this probably would not be the case in the US, but did we really need to hear yet again from Bernard-Henri Lévy, the
Times' universal expert on all things French (the
Times really needs to expand its Rolodex on French subjects)? One would still like to know how much this has to do with old school ties and how much with French corporate governance and ownership structures, or with the nature of investment banking and especially the mathematically-oriented derivatives trade? Alain Minc is also a product of elite schools (Mines and ENA), but he is out at
Le Monde. And Bouton may not remain much longer at SocGen, as additional information emerges from the investigation (today it was revealed that there were warnings about Kerviel's trades as early as September of last year).
It is good to see the
Times at last devote a lengthy article to France; it is unfortunate that the article remains wholly on the surface and cannot get over its lead analogy or its obsession with certain nationally "marked" traits of culture, such as the gastronomic proclivities of the Club des Cent. If our newspapers tell us that the American elite consumes greasy chicken wings in its skyboxes high above vast football stadiums while the French elite sniffs Nuits-Saint-Georges and nibbles at
salade de foie gras at Taillevent, do we learn what we need to know about either?