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

I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible. ... because I believe the big problem is not taxes, the big problem is spending.
Milton FriedmanRead
Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald ReaganRead
The rich have markets, the poor have bureaucrats.
William EasterlyRead
Lenders, including major credit companies as well as payday lenders, have taken over the traditional role of the street-corner loan shark, charging the poor insanely high rates of interest.
Barbara EhrenreichRead
One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.
Thomas PaineRead
COMMERCE, n. A kind of transaction in which A plunders from B the goods of C, and for compensation B picks the pocket of D of money belonging to E.
Ambrose BierceRead

A little wisdom, now and then

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