Tim Wu, who worked from the White House to coordinate the antitrust agenda of the early Biden Administration, explains the role of the government regulator as the necessary “policeman at the elbow” to restrain corporations from unfairly squeezing out competition. President Biden’s enforcers, Lina Khan, Chair of the Federal Trade Commission, and Jonathan Kanter, head of the Department of Justice antitrust division, push progressive policing of the economy with enthusiasm.
They are always at capitalism’s elbow, reflexively opposing almost any proposed merger or acquisition as a danger to the future health and well-being of the nation.
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