The radical component is still alive in French socialism. It finds expression notably in the anti-liberal economic perspective that the international financial crisis has recently reawakened. It is also expressed in the critique of the institutions of the Fifth Republic that Nicolas Sarkozy's "hyper-presidency" has revived. The tendency toward radicalization, however, is also heavily constrained these days for several reasons. The Socialist Party, first of all, has become a party of government. The centrality of the presidential election in the French system and the presidentialist character that the Socialist Party has taken on make a presidential victory a top priority for the party. Too radical a discourse can become, for such a party, counter-productive. The economic environment, moreover, and the situation the country faces makes less and less credible as a political objective the large-scale, state-led redistribution that has traditionally been how French socialism has translated its radicalism into a program of government.