# Competition: PSG Syndrome

1 Opinion April 24, 2019 Stern in the News ![Thomas Philippon](/sites/default/files/styles/246w/public/assets/images/tphilippon_article.jpg?itok=Zq8-tPcP) By Thomas Philippon > If Europe is to move forward, let us increase funding for innovation but keep a free and competitive market.

The Commission has certainly not blocked the appearance of a European GAFAM and is instead the only one to impose rules of conduct on the American giants. If Europe is to move forward, let us increase funding for innovation but keep a free and competitive market.

Read the full [*Les Echos* article](http://www.lesechos.fr/idees-debats/cercle/concurrence-le-syndrome-du-psg-1013691).
\_\_\_
*Thomas Philippon is a Professor of Finance.*## More Opinions by Thomas Philippon

- [The US Inflation Reduction Act: How the EU Is Affected and How It Should React.](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/us-inflation-reduction-act-how-eu-affected-and-how-it-should-react)
- [The UK Reined in Rupert Murdoch. Why Can’t We Stop Vincent Bolloré in France?](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/the-uk-reined-in-rupert-murdoch-why-can-t-we-stop-vincent-bollor-in-france)
- [Economics and Politics of Measures to Stop Financing Russian Aggression Against Ukraine](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/economics-and-politics-of-measures-to-stop-financing-russian-aggression-against-ukraine)
- [Consensus For the Common Good](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/consensus-common-good)
- [Tell Me Who Pays You, I'll Tell You How Much You Earn](https://www.stern.nyu.edu/index%2ephp/experience-stern/faculty-research/artificial-meat-symbol-european-backwardness-0)