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[inaudible conversations] please grab a seat, we were going to start. Good morning and welcome too, im the senior fellow at gmf and i direct the frontline of Democracy Initiative here in washington. I want to welcome our guest, Ukraines DeputyPrime Minister european and the integration and its great to have you here, you had an incredibly busy schedule over the last couple of days and very successful meetings on capitol hill in the Trump Administration, its a busy time for you and is busy in washington all the way across town with Certain Committee hearings taking place. I want to welcome you. This is incredibly important time for you to be here in washington and in some sense the zelensky gove ....
Were going to start. Good morning, and welcome to the German Marshall Fund of the United States. , am thus in your fellow at gmf frontlineect gmfs for Democracy Initiative here in washington. I want to welcome our guest, Ukraines DeputyPrime Minister for european and euro atlantic integration. It is great to have you here. I know you have had a busy schedule the last couple of days, very successful meetings both in capitol hill but also with the Trump Administration. Its a busy time for you. Of course it is fairly busy in washington all the way across town, with Certain Committee ....
The subcommittee will come to order. The chair is authorized to declare recesses at any time. This one on the role of data and privacy in competition. I recognize myself for an opening statement. I should state the obvious, im not the chairman of the subcommittee. The chairman of the subcommittee will be here in a few minutes. Digital technologies have provided americans are a remarkable array of services. It has never been easier to share news and information, to publish content and communicate with loved ones. As with technological revolutions of the past this has up ended the balance of power across our country. Its important to understand how these imbalances are affecting americans. The committees ongoing oversight of competition in Digital Markets is a key part of this process. Todays hearing will examine the role that data plays in creating rolls of power and how this affects competition. As previous hearings have shown, i ....
A common refrain we hear from Tech Companies is, during the course of the investigation, but also on my own, since i have minute them in my district is that they cant be violating Anti Trust Laws and the primary argument is that many of their products are cheap or free, and therefore they are inherently benefiting. We have talked about this, to me the big question is its free really free . Consumers are paying for the product that they use, paying ended up, paying in privacy that they give up and often dont know they are giving up. The big Tech Companies and use that data to build these massive empires of information about consumers that give them spectacular advantage over newcomer businesses, allowing the companies to scrutinize every aspect of peoples lives, create and sell products that have the best chance of being ....