A woman who wants to go places needs to bring her own ladder.
Margrethe VestagerRead
No government can give a selective advantage to a specific company, because that would make competition unfair.
Interpretation
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.
In practice
During a business conference discussing market regulations.
A woman who wants to go places needs to bring her own ladder.
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.
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.
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.
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.
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.
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
Central planning didn't work for Stalin or Mao, and it won't work for an entrepreneur either.
There's no reason to think that_x000D_ markets always drive people to_x000D_ what's good for them.
In the 1940s, economics started getting highly mathematical. It was basically because economists weren't smart enough to write down models of real behavior that they started writing down models of highly rational behavior - and they kind of forgot about humans.
We ask our companies to restructure; we ask employees to work more for less money because there is overproduction, but then we're unable to defend them from cheaper Chinese imports. We are insane.
The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
Subscribe for the occasional hand-picked quote. No noise.