And now, a typical university entering student arrives at college already having spent 20,000 hours online and an additional 10,000 hours playing video games a stark reminder that we operate in a cultural context where video games now outsell music and movie recordings combined.

European competition law in particular allows policymakers to intervene at will, increasing uncertainty, damaging wealth creation and consumer well being. Efficient companies are punished for their success by being held to a special standard that expects them to cuddle their competitors, instead of continuing to out price and outsell them, to the benefit of consumers.