伯納德·阿納特（Bernard Arnault）譴責國家管理部門

這種批評凸顯了法國在已經以國際緊張局勢和有爭議的財政選擇為標誌的經濟背景下對國家作用的局限性進行的關鍵辯論。

Bernard Arnault, CEO of LVMH, has once again voiced his strong opposition to the increasing intervention of the State in the management of private companies. This criticism, which comes as no surprise from the head of the luxury giant, is highlighting a crucial debate in France about the limits of the State’s role in an economic context already marked by international tensions and contested fiscal choices.

LVMH首席執行官伯納德·阿納爾特（Bernard Arnault）再次表達了他強烈反對國家在私人公司管理中日益增長的干預措施。這種批評從豪華巨人的負責人來說並不奇怪，它強調了法國在法國關於該州角色限制的關鍵辯論，這在已經以國際緊張局勢和有爭議的財政選擇為標誌的經濟背景下。

Bernard Arnault denounces State interference in company management

伯納德·阿納特（Bernard Arnault）譴責國家管理部門

伯納德·阿納特（Bernard Arnault）譴責國家管理部門

Questioned in the Senate about the call for economic patriotism launched by Emmanuel Macron, who has completely ruined France, Bernard Arnault judged that State interference in the operational management of companies was "very bad" and leads to disaster. For him, this meddling disrupts strategic decision-making, weakens competitiveness, and undermines economic momentum.

伯納德·阿納爾特（Bernard Arnault）在參議院對伊曼紐爾·馬克龍（Emmanuel Macron）發起的呼籲伊曼紐爾·馬克龍（Emmanuel Macron）發起的呼籲，伯納德·阿納爾特（Bernard Arnault）認為，國家對公司運營管理的干預是“非常糟糕的”，導致災難。對他來說，這種干預會破壞戰略決策，削弱競爭力並破壞經濟勢頭。

This position highlights a deep divide in France between the government and large companies, which demand more freedom to adapt to global challenges. The head of LVMH therefore opposes the government’s injunction to suspend French investments in the United States in response to American tariffs.

該立場強調了政府與大型公司之間法國之間的巨大鴻溝，這要求更多適應全球挑戰的自由。因此，LVMH的負責人反對政府暫停法國對美國關稅的禁令。

LVMH has had several workshops across the Atlantic for decades, a defensive strategy that Arnault considers an asset. This international presence allows it to withstand economic uncertainties, as shown by the good resilience displayed by LVMH in the first quarter of 2025. This, despite:

數十年來，LVMH在整個大西洋曾在大西洋進行了幾次研討會，這是一種防守策略，它考慮了資產。這種國際存在使其能夠承受經濟不確定性，如LVMH在2025年第一季度所表現出的良好韌性所示。

* Rising raw material prices

*原材料價格上漲

* Increased energy costs

*增加能源成本

* Strong demand for luxury goods

*對奢侈品的強烈需求

Arnault believes forcing companies to limit their international presence would be counterproductive. Moreover, it would harm their growth in a globalized context.

Arnault認為，迫使公司限制其國際業務會適得其反。此外，它將在全球化的背景下損害他們的增長。

France: taxation and surtaxes — risky levers that can slow down the economy

法國：稅收和近視 - 可以放慢經濟的風險槓桿

法國：稅收和近視 - 可以放慢經濟的風險槓桿

Bernard Arnault has already criticized the fiscal measures planned in the 2025 budget! In particular, the surtax targeting large companies. He sees in this fiscal pressure a factor encouraging offshoring, with harmful effects on the attractiveness and possibly the economy of France.

伯納德·阿納爾特（Bernard Arnault）已經批評了2025年預算中計劃的財政措施！尤其是針對大公司的Surtax。他認為，在這一財政壓力下，他是鼓勵離岸外包的因素，對法國的吸引力和可能的經濟產生有害影響。

The French fiscal measures considered in the 2025 budget, especially a surtax for large companies, are an incentive to offshoring.

2025年預算中考慮的法國財政措施，尤其是大型公司的Surtax，這是一個離岸外包的動機。

The planned surtax risks:

計劃中的Surtax風險：

* Disrupting the competitiveness of French companies

*破壞法國公司的競爭力

* Pivoting entrepreneurial activity abroad

*在國外樞紐的企業家活動

* Slowing down economic growth

*減慢經濟增長

This fiscal pressure, coupled with state interference, can accelerate offshoring, causing:

這種財政壓力加上狀態干擾，可以加速離岸，從而導致：

* A decrease in jobs and activity in France

*法國的工作和活動減少

* A decline in the country's attractiveness for foreign investment

*該國對外國投資的吸引力下降

* A weakening of the euro

*歐元的削弱

The luxury sector, a pillar of the French economy, perfectly illustrates these risks. Regulatory uncertainty therefore slows down investments, threatens the sustainability of sectors, and negatively impacts employment as well as the trade balance. Furthermore, this breakdown could push companies and individuals to turn to alternative assets like bitcoin. The crypto queen is seen as a decentralized store of value against economic risks.

豪華行業是法國經濟的支柱，完美地說明了這些風險。因此，監管不確定性會減慢投資，威脅到部門的可持續性，並對就業和貿易平衡產生負面影響。此外，這種細分可能會推動公司和個人轉向諸如比特幣之類的替代資產。加密女王被視為針對經濟風險的分散價值存儲。

Bernard Arnault’s firm stance illustrates a major challenge: reconciling state regulation and freedom in an unstable economy. Will France be able to find the balance between control and innovation? This debate is intensifying as some mention the possibility for the State to requisition French savings to wipe out public debt, raising new questions about the limits of state intervention.

伯納德·阿納爾特（Bernard Arnault）的堅定立場說明了一個重大挑戰：在不穩定的經濟中調和國家法規和自由。法國是否能夠找到控制與創新之間的平衡？這場辯論正在加劇，因為有些人提到了國家徵收法國儲蓄以消除公共債務的可能性，從而提出了有關國家干預範圍的新問題。

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在發展，適應是在這個起伏的宇宙中生存的最佳武器。我最初是加密社區經理，我對與區塊鍊及其衍生物直接或間接相關的任何事物感興趣。為了分享我的經驗並促進我熱衷的領域，沒有什麼比撰寫內容豐富且放鬆的文章更好。