Business Daily Meets: Margrethe Vestager

Business Daily

BBC

Business

4.4 • 816 Ratings

🗓️ 28 September 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Margrethe Vestager is the European commissioner for competition.

Ms Vestager has been spearheading the landmark Digital Markets and Digital Services Acts aimed at regulating the global technology industry.

The new rules passed the European Parliament in July and will start to be implemented in the spring.

Victoria Craig sits down with Ms Vestager to ask about the commission’s win against Google in one of Europe’s biggest courts (which resulted in a record fine).

She also explains the importance of her hallmark legislative endeavours on global competition and fairness in the big tech space.

And she talks about how the EC’s Important Projects of Common European Interest programme – which allows joint investments in riskier technologies – could help alleviate Europe’s energy crisis.

Producer: Stephen Ryan Presenter: Victoria Craig

(Image: Margrethe Vestager. Credit: Google)

Transcript

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0:00.0	This is the sound of crowd science.
0:02.5	We shoot a laser beam, Etis Etim.
0:05.1	Is that a big canister of oxygen in the background?
0:07.8	Oh, there's a wasp in there.
0:09.3	Yep.
0:09.7	That's possibly the most disgusting thing I've heard this week.
0:13.6	But it's one of the nicest fun facts you're going to hear today.
0:16.4	So here I'm actually holding a donut.
0:18.3	What are you going to do with that?
0:19.3	Find out more at the end of this podcast.
0:23.3	Hello, I'm Victoria Craig, and today on Business Daily, we're taking a look at big tech.
0:28.8	But don't worry, this is not another program about how Google was dreamed up in a Menlo Park, California garage.
0:35.5	It isn't about Steve Jobs and his rocky relationship with Apple.
0:39.6	It's also not a reminder that e-commerce behemoth Amazon began life as an online bookseller.
0:45.4	No, this is not a deep dive into how these Titans of Tech came to be. Rather, it's the story
0:51.9	about the years-long effort to rein in their largely unchecked power.
0:56.5	And it's about the woman who's leading that charge.
1:00.1	I would hope that at long last it sort of sinks in, that we have the ambition to rein in market power,
1:07.5	to allow the market to be fair, open, that there is a competitive drive for innovation
1:13.0	that every consumer can enjoy. That message ought to have sunk in quite some time ago.
1:19.6	On today's Business Daily Meats, we're introducing you to Marqueray to Vesta Earth,
1:24.1	the European Commission's Competition Watchdog and Executive Vice President of a Europe fit for a digital age.
	...

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