Francois Hollande's recent victory in France's election was seen as a significant event in world politics. Hollande's election has led political junkies to ask "what does this mean for the rest of the world?" Certainly this is a symbolic victory for socialists -- libertarian or state socialists. But nothing but promises have been made by Hollande and the socialists. Although material changes haven't happened, Hollande's election may have threatened the global capitalist economy. If Hollande's victory can inspire other countries to elect socialists, then capitalism is in a precarious state.