Danish - Politician | April 13, 1968 -
You have to teach your algorithm what it can do and what it cannot do because, otherwise, there is a risk that the algorithms will learn the tricks of the old cartels.
Margrethe Vestager
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If you're successful in the market, it should be because you have the best products. Then your customers like you, not because then you cut corners, or you get a tax break, or you don't inform authorities about how things actually are.
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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.
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I have a very strong tool in competitional enforcement: To do merger control, to look into cartels, misuse of dominant position - when member states hand out favors, for instance, in terms of tax breaks. But even though that's a strong tool, it cannot solve everything.
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I think I am like anyone else. I respect other people and, of course, I expect that it works the other way around.
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I remember when I cut my hair. I used to have hair to my shoulders. Immediately, people said, 'Oh, but that's the power cut. Now she looks like a man.'
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The list of plane reservations I keep on my phone - it's very, very, very long.
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Planning is like taking on blinders. I think it is a wise thing to be open to whatever shows up on your doorstep.
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Basically, I come to Washington a couple of times a year, sort of on a strictly business basis: talk to my counterparts at the Federal Trade Commission, of the DOJ, give an occasional talk, very often in a lawyer or academic environment.
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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.
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Where I grew up, it was a very open home.
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In Europe, we have three tools when it comes to fair competition. One is antitrust, one is merger control, and the third is state aid control. And the third you don't have in the States.
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