Biden's FTC is fighting corporate greed after D.C. looked away for decades

[marmar]

Biden's FTC is fighting corporate greed after D.C. looked away for decades | Opinion

Jen McKernan
Guest columnist


(Detroit Free Press) One of the things I find most frustrating about making the economy better for working people is how easy it is to point fingers, and how hard it is to find solutions. It’s especially easy with something like the economy, because the economy is complicated, and complicated things are hard to wrangle.

....(snip)....

One of the things I find most frustrating about making the economy better for working people is how easy it is to point fingers, and how hard it is to find solutions. It’s especially easy with something like the economy, because the economy is complicated, and complicated things are hard to wrangle.

....(snip)....

It's hard to sell voters on the benefits of corporate greed. So instead, the Reagan Administration just stopped enforcing the law, repackaging it as "deregulation" and "smaller government." You can read about it in a 1980 memo called "Throttling Back on Antitrust: A Practical Proposal for Deregulation."

The practical proposal for deregulation, thought up by two professors at the University of Chicago and sent to an economist on Reagan’s transition team, was basically to remind Reagan that laws are only as good as the people who enforce them. So, Reagan appointed a bunch of people who wouldn’t enforce the antitrust laws, or the laws that limit corporate mergers and monopolies. .............(more)

https://www.freep.com/story/opinion/contributors/2024/04/19/bidens-ftc-corporate-greed-reagan-monopolies-deregulation/73372258007/

[Barry Markson]

1. I wonder if they'll dig into insider trading

And how it seems many of our public servants, especially in DC, become wealthy by being public servants?

Rules and regulations for you but not for me, if you get my drift.

[Passages]

2. One of Biden's greatest picks, Lina Khan.

May she run for president one day, an outstanding human being.

[Mersky]

3. K&R