MIL OSI Translation. Region: Germany / Deutschland –
Source: CDU CSU
Digital expert discussion on “Competition Law 4.0”
The challenges of the digital economy were the focus of the digital expert discussion “Competition Law 4.0”. At the invitation of Dr. Joachim Pfeiffer, economic and energy policy spokesman for the CDU / CSU parliamentary group, experts from the digital economy, politics and federal administration discussed the consequences of the increasing monopoly on the Internet.
Rules of the game for competition on the Internet
For the economic politician Dr. Pfeiffer is certain: since the industrial revolution, no other development has revolutionized the way business is done like digitization. Within a few years, small start-ups developed into companies with balance sheets approaching the size of national budgets in small to medium-sized countries. In view of the enormous market power of a few companies, especially platform operators, the legislature is called upon to find an appropriate regulatory response.
Hansjörg Durz, Deputy Chairman of the Digital Agenda Committee, put it similarly: “Our goal: more fairness, more innovation, more social market economy online.” Matthias Heider, Deputy Chairman of the Committee for Economy and Energy, also emphasized: “We create rules for competition on the Internet. ”A demand that is also supported by parts of the digital economy itself.
Tremendous market shifts
This is how the lawyer and digital expert Dr. Anselm Rodenhausen from “Zalando” the dilemma of small and medium-sized companies in this branch: “The main danger for innovations lies in the spread of the oversized platforms.”
In view of the enormous market shifts, Federal Minister of Economics Peter Altmaier recalled the growing socio-political importance: “If the shops in city centers lose significant market shares to online retailers, our everyday environment changes.” In the current pandemic, it can be observed that the retail trade increases its sales more or less but online retailers were able to increase their sales by an average of 20 percent.
In view of this development, from which American and Asian platforms in particular would benefit, politicians are called upon to promote European providers. The aim must be to increase the providers’ transparency. Basically, the Federal Minister of Economics recalled the enormous opportunities that – despite all the risks – lie in this upheaval: “Ludwig Erhard would have welcomed the fact that there was more market and more opportunities for providers and customers.” of the Act against Restraints of Competition (GWB).
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.