PaintTinJr
Gold Member
I think you misunderstand why the world generally adopts capitalism. It isn't because it is perfect, just the least objectionable solution to commerce and needs many safe guards by legislation applied on top.I'm sure her peers in the competition regulator discord are giving her plenty of supportive emotes. She'll be fine.
The game in the US works the way it works, just like anywhere else. The FTC's power is intended to be limited based on the separation of powers outlined in the US constitution. The FTC is supposed to ensure that competition is fair inasmuch as it doesn't break the law. It's not supposed to try to block acquisitions based on ideology.
Lina Khan has painted a target on her own back by trying to rig the game herself. She's moved to structure the FTC in a way that makes it difficult and expensive for the people and organizations her commission sues to seek due process under the law, one of the fundamental rights granted by the US Constitution. Her bid to limit the agency's accountability and expand its power has caused Congress and the Supreme Court to take a closer look. Now she's opened the commission up to legal challenges and will have to spend budget defending her ideology, making the commission less effective overall. There's no reason to feel sorry for her. She's not a damsel in distress. She's under attack because of her own actions.
The US constitution is the supreme guidance of legal ideology in the US (AFAIK) and trumps capitalism and sub-laws like the old 1914 anti-trust law they mention in the cnbc interview- that is out of step and inadequate - that you are using to project her having some ideology incongruent with US law (US Constitution).
At the heart of all modern democracies is the need provide a society with fairness and equal opportunity for citizens enshrined in law, the US constitution enshrines those rights AFAIK - as a Brit with minimal knowledge of the US system - and the crux of the problem is that sub-laws to the constitution have empowered companies to undermine the constitutional rights of its collective citizens concentrating the majority of wealth and power to a handful of US companies that are able to make further moves with anti-trust outcomes - the breakup of AT&T being the last real defence of the US Citizens rights IMO.
Khan and her fellow enforces are merely defending the constitution by defending US citizens against anti-trust, even if those methods and actions are at odds with the sub-laws or state laws that have been subverted to defend companies actions to grow to be worth trillions of dollars over the last 50-70years.
The technical arguments matter far less than the over arcing moral argument of what is best for the majority of citizens, because that is what the US constitution is supposed to defend and was intended for. Not companies and not the top 1% wealth distribution in a critical state IMO and only getting worse with these anti-trust moves.