Entrepreneurship is essential to economic progress and to upward mobility. But market concentration in the services, retailing, and light manufacturing industries has removed the incentive for small business owners to innovate, compete, and invest in research and development.
“Corporations are using dirty tricks to control and restrict repair in virtually every industry, from consumer electronics and appliances, to agriculture, even the military,” said Claire Kelloway, Open Markets Food and Power reporter. “The FTC has the authority to break up these repair monopolies, and we hope they step in to do what’s right for consumers, small businesses, and the planet.”
The Open Markets Institute filed a comment to the Federal Trade Commission (FTC) exposing how manufacturers - of everything from cellphones to tractors – monopolize markets for parts and service, shutting out independent technicians, driving up repair costs, and sending more goods to landfills.
Open Markets Institute calls on U.S. anti-monopoly enforcers to block EssilorLuxottica’s nearly $8 billion acquisition of GrandVision. The deal would mean even higher prices for glasses – which are already far too expensive – and would further limit real choice over where Americans can get their eyewear.
The Open Markets Institute submitted a statement for the record before the U.S. House of Representatives Committee on the Judiciary Subcommittee on Antitrust, Commercial and Administrative Law on Online Platforms and Market Power, Part 2: Innovation and Entrepreneurship on July 16, 2019.
The Retail Industry Leaders Association, which represents Walmart, Target, Home Depot, and other national retailers, wrote a letter to the Federal Trade Commission last week demanding that the FTC examine “persistent oligopolies in other parts of the retail ecosystem.”