"The way to compete against China is not to look more like China," he says. "What would you ask of Americans who buy into this notion that competition is good and a lack of it is hurt, you know, workers, middle class? What would you ask about?" Congress did not pass an anti-monopoly bill last year.
The Fed eases up on the brakes, Elon Musk looks for new ways to monetize Twitter, and Snap has another rough quarter. Also: Meta may have prevailed in a fight with the FTC. Today’s Friend of Pivot is Jonathan Kanter, Assistant Attorney General for the Antitrust Division at the DOJ. He stops by to discuss Google, antitrust, and his agency's fight against monopolies.
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