In 2017, the European Commission imposed a record $2.7 billion fine on Google for breaking antitrust rules. The same year, it demanded that Apple pay $15.3 billion in back taxes. What is behind these spectacular penalties? In a clear, straightforward primer, the EU commissioner for competition Margrethe Vestager argues that fair market competition is a requisite for maintaining trust in the market – and society. getAbstract recommends her talk to policymakers and everybody with a stake in Big Tech.
In this summary, you will learn
- Why governments regulate markets,
- How companies can gain unfair advantage over their rivals and
- Why market regulations strengthen people’s trust in society
About the Speaker
Danish politician Margrethe Vestager has been the European Union’s commissioner for competition since 2014.
Get the key points from this video in 10 minutes.
For your company
We help you build a culture of continuous learning.
Comment on this summary
Customers who read this summary also read
Richard V. Reeves
Brookings Institution Press, 2017
David S. Landes et al.
Princeton UP, 2010
European Commission, 2015
Nation Books, 2016