Though Macron has been hyped by the media as a political outsider, he is a creature of the establishment if there ever was one, and is the natural successor of President François Hollande, whose neoliberal economic and fiscal policies have earned him
historically low approval ratings. Macron made his fortune as an investment banker for Rothschild; he served as the Hollande government’s economy minister for several years, ushering in a number of business-friendly reforms. He was prudent, however, to distance himself from the Socialist Party, which has become a toxic brand because of the Hollande government. Thus, while Macron was the candidate whose politics and policies were closest to Hollande’s, the Socialist Party’s left-wing candidate, Benoît Hamon — who represented a departure from the party establishment’s centrism — bore the brunt of the political fallout.