Achim Wambach, an expert at the Commission on competition law set up by the German Ministry of Economic Affairs, has called for regulation of the online platforms that dominate the market.
Minister Altmaier stated, “We will only be able to maintain our prosperous society if we continue to have internationally competitive companies in Germany and Europe in future. We need to strike the right balance for the digital economy: on the one hand, we need to nurture the possibilities for German and European digital companies and platforms to grow, and on the other we need to prevent the abuse of market power and to keep markets open. Following a year of intensive work, the Commission ‘Competition Law 4.0’ has presented specific proposals for the future framework for competition for the digital industry in Europe. I am most grateful to the experts of the Commission ‘Competition Law 4.0’ for all the work they have done.”
According to their press release, online platforms, global tech companies, and data-based business models are changing our economy and the life of every individual ever more quickly. In September 2018, Minister Altmaier therefore tasked an independent body of experts, the Commission ‘Competition Law 4.0’, with presenting proposals for reform, particularly of European competition law.
The full version of the report by the Commission ‘Competition Law 4.0’ can be found here (in German).
Full Content: BMWI
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK’s CMA Investigates Education Software Company for Market Abuse
May 14, 2024 by
CPI
Schumer Urges FTC Caution on Chevron’s $53B Hess Deal Over Gas Price Fears
May 14, 2024 by
CPI
Amazon Urges US Judge to Block FTC Probe into Data Preservation
May 14, 2024 by
CPI
Colorado Makes History: First State to Enact Comprehensive AI Legislation
May 14, 2024 by
CPI
Class Action Settlement Reached in Cheerleading Monopoly
May 14, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI