A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
Interpretation
What this quote means
A true free market may require intervention to ensure fairness and prevent chaos.
This quote emphasizes the idea that while a free market is desirable, it is essential to regulate it to maintain order and equity. Margrethe Vestager points out that without intervention, a market can devolve into an unpredictable environment, akin to the 'law of the jungle', where the strongest prevail without regard for fairness or the common good, instead of being governed by democratic principles that ensure justice and equality.
Themes
Free MarketRegulationDemocracyInterventionEconomy
In practice
Example use cases
In a discussion about economic policies, this quote highlights the importance of balancing freedom with oversight.
More from Margrethe Vestager
All quotes →I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.
Margrethe VestagerRead
No government can give a selective advantage to a specific company, because that would make competition unfair.
Margrethe VestagerRead
When I was very young, I took no interest in party politics. My line of interest was how can you be part of an influence to the society that you live in.
Margrethe VestagerRead
Competition is one of the most important drivers of innovation because you have to stay in the race. You have to think of something new, and if you don't, well, of course you should leave the market.
Margrethe VestagerRead
Technology is, in many respects, an enabler for an open, transparent society. But it's also an enabler for supervision to a completely unforeseen degree. And for commercialising personal space to an unforeseen degree.
Margrethe VestagerRead
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