The work of the Federal Trade Commission (FTC) is not supposed to impact international affairs. Still, it is doing so today, empowering China in the race for technological supremacy and harming essential businesses in the U.S.
It is time for the Biden Administration, Congress, and other policymakers to audit and abort the FTC’s mission creep. Furthermore, since the FTC is eager to engage in international affairs, it should start by understanding and taking on its counterpart in China, the State Administration for Market Regulation, which recently nixed a proposed merger of Intel and an Israeli company, harming American interests.
Lexington Institute’s Paul Steidler discusses this in an Op-Ed for InsideSources DC Journal here.
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