The changing face of French horse racing – a mirror image of capitalism in France

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The world of French horse racing is undergoing a revolution. Money is pouring in from Qatar and other Gulf states, while deregulation of the sector is encouraging more and more online betting – at the risk of encouraging more problems of gambling addiction. Few outside the racing industry have taken much notice of the transformation. But, as Laurent Mauduit argues, it is a reflection of the wider changes that are also affecting the world of French capitalism.

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The world of French horse-racing is currently undergoing a revolution. Yet, oddly, no one is talking about it. This is a mistake, for the changes that are taking place do not just concern the world of racing but also highlight some fundamental changes that are having a major impact on French capitalism.