full transcript

From the Ted Talk by Margrethe Vestager: The new age of corporate monopolies

Unscramble the Blue Letters

And this is where competition rules come in, because when we make sure that markets work fairly, then bnesusesis compete on the merits, and that helps to build the tsrut that we need as citizens to feel comfortable and in corntol, and the trust that allows our society to work. Because without trust, everything becomes harder. Just to live our daily levis, we need to trust in sngetrars, to trust the banks who keep our money, the builders who build our home, the electrician who comes to fix the wiring, the doctor who treats us when we're ill, not to montien the other drivers on the road, and everyone knows that they are crazy. And yet, we have to trust them to do the right thing. And the thing is that the more our societies grow, the more important trust becomes and the harder it is to build. And that is a paradox of modern steeicois. And this is especially true when tolheongcy changes the way that we interact. Of course, to some degree, technology can help us to build trust in one another with ratings systems and other systems that enable the sharing eoocmny. But technology also creates completely new challenges when they ask us not to trust in other people but to trust in algorithms and computers.

Open Cloze

And this is where competition rules come in, because when we make sure that markets work fairly, then __________ compete on the merits, and that helps to build the _____ that we need as citizens to feel comfortable and in _______, and the trust that allows our society to work. Because without trust, everything becomes harder. Just to live our daily _____, we need to trust in _________, to trust the banks who keep our money, the builders who build our home, the electrician who comes to fix the wiring, the doctor who treats us when we're ill, not to _______ the other drivers on the road, and everyone knows that they are crazy. And yet, we have to trust them to do the right thing. And the thing is that the more our societies grow, the more important trust becomes and the harder it is to build. And that is a paradox of modern _________. And this is especially true when __________ changes the way that we interact. Of course, to some degree, technology can help us to build trust in one another with ratings systems and other systems that enable the sharing _______. But technology also creates completely new challenges when they ask us not to trust in other people but to trust in algorithms and computers.

Solution

  1. lives
  2. control
  3. businesses
  4. societies
  5. strangers
  6. technology
  7. mention
  8. economy
  9. trust

Original Text

And this is where competition rules come in, because when we make sure that markets work fairly, then businesses compete on the merits, and that helps to build the trust that we need as citizens to feel comfortable and in control, and the trust that allows our society to work. Because without trust, everything becomes harder. Just to live our daily lives, we need to trust in strangers, to trust the banks who keep our money, the builders who build our home, the electrician who comes to fix the wiring, the doctor who treats us when we're ill, not to mention the other drivers on the road, and everyone knows that they are crazy. And yet, we have to trust them to do the right thing. And the thing is that the more our societies grow, the more important trust becomes and the harder it is to build. And that is a paradox of modern societies. And this is especially true when technology changes the way that we interact. Of course, to some degree, technology can help us to build trust in one another with ratings systems and other systems that enable the sharing economy. But technology also creates completely new challenges when they ask us not to trust in other people but to trust in algorithms and computers.

Frequently Occurring Word Combinations

ngrams of length 2

collocation frequency
competition rules 5
fair competition 3
european union 2
private property 2
serve consumers 2
market work 2
american companies 2

Important Words

  1. algorithms
  2. banks
  3. build
  4. builders
  5. businesses
  6. challenges
  7. citizens
  8. comfortable
  9. compete
  10. competition
  11. completely
  12. computers
  13. control
  14. crazy
  15. creates
  16. daily
  17. degree
  18. doctor
  19. drivers
  20. economy
  21. electrician
  22. enable
  23. feel
  24. fix
  25. grow
  26. harder
  27. helps
  28. home
  29. ill
  30. important
  31. interact
  32. live
  33. lives
  34. markets
  35. mention
  36. merits
  37. modern
  38. money
  39. paradox
  40. people
  41. ratings
  42. road
  43. rules
  44. sharing
  45. societies
  46. society
  47. strangers
  48. systems
  49. technology
  50. treats
  51. true
  52. trust
  53. wiring
  54. work