Comment by jaredklewis

1 day ago

What existing regulation are you accusing the FTC of not enforcing? Is it illegal for a rich person to buy a company? It's not like he's cornering TV news or something. He's a minority player by any measurement (revenue, viewers, etc..).

Not a fan of Trump, Ellison, or obviously this expose being buried, but I am just trying to understand what the FTC did wrong.

> The FTC is responsible for enforcing regulations that would prevent mergers that negatively impact the quality of services and innovation.

I don't think this is the best summary of either the FTC's mandate from congress nor the antitrust laws in the US.

But whatever, it just seems like what you want is not more regulation (Trump is adding lots of regulation on solar and wind, that's good right?), but different regulators.

It sucks, but there's no "one weird trick" where you can have a congress, judiciary, and executive branch dominated by Republicans, that then makes them governs like Democrats. This isn't a "regulation" problem. It's a "roughly half the country wanted this" problem.

> I don't think this is the best summary of either the FTC's mandate from congress nor the antitrust laws in the US.

Okay well I basically copy/pasted from ftc.gov:

The FTC’s Bureau of Competition enforces the nation's antitrust laws, which form the foundation of our free market economy. The antitrust laws promote the interests of consumers; they support unfettered markets and result in lower prices and more choices.

https://www.ftc.gov/about-ftc/bureaus-offices/bureau-competi...

The Bureau of Competition is committed to preventing mergers and acquisitions that are likely to reduce competition and lead to higher prices, lower quality goods or services, or less innovation

https://www.ftc.gov/enforcement/merger-review