QuoteProject
No government can give a selective advantage to a specific company, because that would make competition unfair.
Margrethe Vestager
ShareWTF𝕏

Interpretation

What this quote means

Governments should promote fair competition by not favoring any specific company over others.

This quote highlights the principle of fair competition in a market economy, emphasizing that government intervention should not grant special privileges to specific companies. By ensuring that no single entity receives preferential treatment, the integrity of competition is preserved, benefiting consumers and fostering innovation.

Themes

GovernmentCompetitionFairnessEconomyAdvantage

In practice

Example use cases

During a business conference discussing market regulations.

More from Margrethe Vestager

A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
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
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
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.
Margrethe VestagerRead

Similar quotes

Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'
Paul SamuelsonRead
The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Murray RothbardRead
All social rules and all relations between individuals are eroded by a cash economy, avarice drags Pluto himself out of the bowels of the earth.
Karl MarxRead
Government control of the economy, no matter in whose behalf, has been the source of all the evils in our industrial society -- and the solution is laissez-faire capitalism, i.e., the abolition of any and all forms of intervention in production and trade, the separation of State and Economics, in the same way and for the same reasons as the separation of Church and State.
Ayn RandRead
Prosperous farmers mean more employment, more prosperity for the workers and the business men of every industrial area in the whole country.
Franklin D. RooseveltRead
We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
Winston ChurchillRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.