OPINION: FTC's progressive policies are kneecapping our economy
NetChoice Vice President and general counsel Carl Szabo discusses the American Innovation and Choice Online Act and the FCC commissioner urging Apple and Google to remove TikTok from app stores.
For example, despite a nationwide computer-chip shortage, Khan led a lawsuit to prevent a merger by American software company Nvidia to increase chip production. This has kept the vital supply of semiconductor chips low making it impossible to manufacture everything from cars to microwaves. And, Khan’s "success" resulted in increasing inflation and raising costs by an additional six percent while cutting car manufacturing in half.
As Americans aim to get cheaper goods and stretch their dollars further, Chair Khan is trying to prevent American businesses from growing. Khan opposed the Amazon-MGM merger which enables us to watch the new James Bond movie free on Prime Video. Khan led efforts to prevent Apple from offering us streaming music on our phones and Google from showing us maps in a search result.
Khan proudly decries "efficiency" which is the type of statement we expect from someone who never ran a business. This unapologetic antagonism is causing our country to lose out on important services and technologies; and is decreasing our quality of life. Fortunately, forty years ago, a Democrat Congress stripped away much of the FTC’s power. Before that rebuke, the FTC enjoyed nearly unlimited control over the U.S. economy – it could create rules on a whim and enforce them against any business the leaders didn’t like. We saw the FTC abuse this power to regulate almost everything in our lives, from oil to airlines, from coffee to cereal, and even trying to outlaw ads during Saturday morning cartoons.
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