Sep 28, 2018

Competing in a 5G World

European Comissioner Margrethe Vestager and Axios Executive Editor Mike Allen. Photo: Chuck Kennedy for Axios

In rare back-to-back appearances by two of the world's most powerful regulators, Axios' Mike Allen broke down what the future of global competition will look like when 5G and related transformative innovations become a reality.

Why it mattered: European Commissioner of Competition Margrethe Vestager and Assistant Attorney General Makan Delrahim, who leads the Justice Department's Antitrust Division, gave their views on the global competition laws needed to ensure innovations and businesses can thrive.

European Commissioner of Competition Margrethe Vestager
European Commissioner Margrethe Vestager. Photo: Chuck Kennedy

Commissioner Vestager spoke to Mike about her views on competition, 5G and what she sees as the future of innovation.

The big picture: During her tenure as European Commissioner of Competition, Vestager hasn't shied away from regulating big tech companies — often intervening when Washington would not.

  • Making sure laws keep pace. "Things are changing at a fast speed and we’re always trying to make sure our technology is serving society, which is why we have competition laws."
  • How big companies get in trouble. "It's not the dominance we question, but it's the way they use their dominance."
  • The future of innovation. "We will do our best to make sure our consumers have a choice."
  • Competition in a 5G world. "We shouldn't accept in the digital world what we don't accept in the real world."
  • The accessibility of 5G. "I think that it’s a little bit too early to worry. We want a competitive marketplace in Europe because competition also drives investment and we need a lot of investment for 5G to be something that everyone can enjoy."
Assistant Attorney General Makan Delrahim
Assistant Attorney General Makan Delrahim and Axios Executive Editor Mike Allen. Photo: Chuck Kennedy for Axios

The DOJ Antitrust Chief discussed the U.S.'s view on competition when it comes to data, 5G and Big Tech.

  • How data affects competition. "Data has become a huge asset today. Amassing data in and of itself isn’t a violation of antitrust laws, but data assets could be a part of review when two companies want to merge.
  • The next G. "There seems to be incredible benefits that 5G can provide"
  • Big tech companies. "Big isn't bad. Big behaving badly is bad. We're trying to figure out what the contours are of that."

Go deeper:

Thank you Intel for sponsoring this event.

Go deeper

17 mins ago - World

Kremlin says Trump discussed inviting Russia to G7 in call with Putin

President Trump and Russian President Vladimir Putin at their bilateral meeting at the G20 Osaka Summit 2019, in Osaka, Japan in 2019. Photo: Mikhail Svetlov/Getty Images

President Trump and Russian President Vladimir Putin spoke on Monday about Trump's plans to expand September's G7 meeting in Washington to include Russia, according to the Russian government's readout of the call.

The big picture: The phone call between the two leaders, which the Kremlin says was initiated by Trump, comes amid six consecutive days of mass unrest in the U.S. over police brutality and racial inequality. The White House confirmed the call took place and said a readout was forthcoming.

Facebook employees stage "virtual walkout"

Screenshot of an image some Facebook employees are adding to their internal profiles, with or without the hashtag, to protest company policy.

"Dozens" of Facebook employees staged a "virtual walkout" Monday over the company's decision not to take action against President Trump's provocative messages in the face of nationwide protests against police violence, the New York Times reports.

Why it matters: While Twitter added fact-check labels and hid the president's most inflammatory tweet — "when the looting starts, the shooting starts" — Facebook has said Trump's statements do not violate its policies, and that the platform aims to promote free speech.

Updated 59 mins ago - Politics & Policy

Trump lashes out at governors, urges them to "dominate" protesters

President Trump berated the nation’s governors in a video teleconference call Monday, calling many of them "weak" and demanding tougher crackdowns on the protests that erupted throughout the country following the killing of George Floyd, according to multiple reports.

The big picture: Trump blamed violence on the "the radical left" and told the governors, who were joined by law enforcement and national security officials, that they have to "dominate" protesters and "arrest people" in order to bring an end to the unrest.