Ofcourse for the rest of Europe this is a good thing- French military ambitions have been consistently sabotaged by this oversight. Good military, brilliant engineers and capable bureaucrats but terrible merchants. And wars are won on the stock market.
For one thing, France is and remains one of the richest countries in the world. For a second thing, I seem to remember that France is currently outperforming both Germany and the UK (I read this in both German and British newspapers, but I don't remember the details).
Is it perfect? Far from it. But French bashing feels pretty counter-productive.
For the kings sure… for the people much less.
Imagine england being defeated and india being free of colonialism.
But I understand that the anglosaxon history might be a bit biased and edited.