Amid the doom and gloom of President Joe Biden’s bitter farewell address was a dire warning about “an oligarchy taking shape in America.” Yet days earlier, Lina Khan, who upon taking over the Federal Trade Commission (FTC) in 2021 vowed “to protect the public from corporate abuse,”couldn’t name one thing she would have done differently when pressed three times by CNBC’s Andrew Ross Sorkin.
Both can’t be correct. Either Khan achieved her stated goal, or Biden was sounding the alarm on a clear and present danger. With legacy on both their minds, let’s take a look back at the real record on competition under Biden-Khan. Here are three of the lowlights.
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