By Financial Times, Editorial Board
In the year since Joe Biden became US president, his competition enforcers have talked a lot about getting tough on Big Tech and oligopolies but they have taken relatively few concrete actions.
Fans of Lina Khan, the Federal Trade Commission chair, defend her apparent inactivity by saying she has been taking time to study the agency. Critics ask why the FTC and the Department of Justice, which share responsibility for antitrust enforcement, are sitting on their hands at a time when mergers and acquisitions are smashing records, topping $5tn globally last year and $2.6tn in the US alone.
