Bruno Le Maire is “a joke”, “the worst economist in France”, tackle François Ruffin

Bruno Le Maire is “a joker”, “the worst economist in France”, tackled François Ruffin, LFI deputy for the Somme, on franceinfo Thursday, April 13. The Minister of the Economy has written a letter to manufacturers to ensure that the fall in the price of certain raw materials has an impact on prices. “I sent the letter today asking manufacturers and distributors to reopen trade negotiations without delay so that the wholesale prices that are starting to fall start to affect consumer prices”declared the Minister of the Economy to the National Assembly last week. “Bruno Le Maire is a joke. At one point, he launched green numbers all over the place, now Bruno Le Maire writes letters to industrialists”pinged the deputy Insoumis. “It’s going to shake in the legs”, he quipped. And behind that “translates into nothing at all”.

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“Corporate margins are increasing today”pointed out the deputy of the Somme who takes up a study by Insee estimating that “30% of inflation is due to the increase in margins”. François Ruffin is calling for wage indexation to inflation, a measure that would allow “French to live from their work”. “Mr. Bruno Le Maire, instead of writing letters, we must impose rules,” he insisted. “I don’t believe in a free market”, he repeated. The journalist who was elected to the Bourbon Palace in 2017 is campaigning for “market regulation”. The price of food “deserves to be framed, to be regulated”according to him.

“How do we restore the value chain or do we add value? It’s not the farmers who capture the value, it’s the manufacturers, it’s not even the large retailers”

François Ruffin, rebellious deputy of the Somme

at franceinfo

The elected representative of the Somme cites the example of the multiplier coefficient which frames the relationship between the selling price to the consumer and the purchase price to the producer to limit the margins of intermediaries. “From the moment you buy, for example, a product for one euro from a farmer, well, it cannot be sold in the supermarket for more than two euros”he explained.