The French equipment was top of the line. (tanks especially).
They had serviceable fighters and other equipment. That is probably one of the reasons why they are disparaged so much, is that they cannot blame losing on inadequate equipment.
The French soldier was capable of bravery. However, they were so ineptly led and trained that they were near useless in combat. It is sad that the war ended so fast for mainland France, for they were unable to develop a national “character” of their soldiers. For example:
Russia = Soldiers developed a reputation for tenacity - no matter what, they would keep fighting, no matter the costs
Japan = Developed a reputation for sheer lack of the fear of death - until a Japanese soldier was dead, he wouldn’t stop fighting
UK = Brave, resolute, steadfast and dependable. They may not be the quickest to achieve an objective, but they would take it.
German = “Thinking” soldiers. They would outthink you on the battlefield, using flanking movement etc. Also very brave.
US = Not giving up. It may take thousands and thousands of rounds, but they would not give up. NUTS!
Italy = Not really in the war, they would surrender due to apathy and inferior equipment (and rightly so).
The only possible image we have of France is of a near immediate surrender. (Hence the jokes) I really feel that the blame lies on commander from the Sergeant level up - the French soldier was not motivated enough, and that is inexcusable, especially when your country is invaded.