My quick take
on the very interesting speech given today in Trento by the Chairman of the
French Competition Authority.
- Sort
of schizophrenia between consumers (pro) and citizens (more skeptical) towards
competition policy.
- The
glorious days of competition policy in France go back to at least 1791, when guilds (corporations) were suppressed by initiative of the revolutionaries.
- Before
WWII, the attitude in France was generally very positive, at a time in which,
by contrast, Germany was much more in favor of cartelizing the economy.
-
After
WWII: public intervention into the economy much welcomed by French citizens,
competition policy experienced mostly as an external imposition.
-
Leftist
reason to support competition during last political election: fight against
privilege by birth; “equality of chances” (égalité) still very popular.
- Governments
in general less procompetition than members of Parliament because of economic
pressures by big players.
- French
civil servants not believing in competition: 77%; French judges: even more
(figure not disclosed).
- Going ahead, dramatically
important in order to convince citizens of the benefits of competition
policy: private/class actions!
- Draft
bill on class actions in France: too narrow.
- Average loss per mobile phone user due to 2005 telecoms’ cartel: 70 Euro per year (cartel’s duration: 2 ½ y.)