It is particularly bold to suggest that a simple fluctuation in investments, even significant, could be the sole driver of such a large-scale regulatory reform.
Public policies, especially those concerning cultural sovereignty, are the result of long deliberations and ideological considerations, not a single cyclical event.
To claim otherwise ignores the complexity of the legislative process.
For example, France implemented mechanisms for funding local creation well before any drastic decline, demonstrating that political will often precedes the immediate economic crisis.