00:00We need to find a way to make these technologies benefit us, the people, not a handful of techno-oligarchs.
00:09And for that, we will need effective laws, controls and penalties.
00:17In other words, we will need to regulate the industry.
00:21Just as we regulate food, cars, weapons, medicines and every other major market in history, we have to regulate digital
00:33technologies.
00:34And we have to do it now, even though this is uncharted territory that changed by the day.
00:40Because complexity cannot become an excuse for inaction.
00:45If anything, it must be a reason to experiment.
00:51Brandeis once wrote that a single-oligarch state may serve as a laboratory.
00:58And in Spain, we are trying to be that lab.
01:02So my government has decided to apply a variation on the very principle these tech corporations have been following for
01:10years.
01:10Regulate fast before they break more things.
01:13So we are acting now on every fund we can.
01:18Regulate fast before they break more things.
01:21Regulate fast before they break more things.
01:22Regulate fast before they break more things.
