(Replying to PARENT post)
Since Carter/Reagan, FTC has historically not challenged these mergers because FTC and other legal agencies got swallowed up by Robert Bork who basically convinced them that monopolies are actually good. So FTC and other agencies basically listened to paid off economists who were like "This merger will be fine for consumers"
https://www.promarket.org/2019/09/05/how-robert-bork-fathere...
Lina Khan has changed FTC which is why you see wave of this action but obviously anything law, it's very slow going.
๐คstackskipton๐2y๐ผ0๐จ๏ธ0
(Replying to PARENT post)
> Does this represent progress for the FTC?
Yes. The FTC has been largely dormant on antitrust issues for 40 years. That changed for the first time under the current administration, but it's going to take a huge lift and a lot of time to rebuild the FTC into an agency that can once again do antitrust stuff. I'm hoping they get that time to rebuild. As you noted, we desperately need to reign in these huge companies & mergers.
๐คcoldpie๐2y๐ผ0๐จ๏ธ0
(Replying to PARENT post)