visible parts

Protected spare parts: are purchasing power problems soluble in the competition?

Gilets Jaunes handling spare parts
On March 5, after referring to the pope of liberalism Friedrich Hayek, the French PM Edouard Philippe, in the context of the celebration of the tenth anniversary of the French Competition Authority, continued his speech as follows: "Competition is obviously not the solution to all problems. But it is one of the solutions to the purchasing power problem that our society is facing (wink Gilets Jaunes). While the State of course has the fiscal and budgetary levers to meet this challenge, we must also tackle another aspect: that of "constrained" spending. These expenses that we cannot do without and whose every unjustified increase is like a hidden tax. The time has come to absorb some of these "blind spots of purchasing power"." 
 
In fact, it will be recalled that in 2012, through a self-referral, the ADLC took an interest in the maintenance and repair markets and, on statistical bases whose fragility was demonstrated by the manufacturers and their lawyers at the time (1), claimed that "in a market of EUR 1,8-2,6 billion, the lifting of the protection of visible spare parts could generate an average gain for consumers of around EUR 200 million'.
 
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