The Biden administration’s Federal Trade Commission has discarded decades of antitrust law in favor of taking aggressive action against successful companies, including luxury handbag makers. But instead of spurring a more competitive, pro-consumer environment, this approach will stifle innovation and economic dynamism.
SAN DIEGO – The US Constitution directs the federal government to perform a few crucial functions, including providing for “the common defense.” According to the Federal Trade Commission, that now includes protecting the American people from designer handbags.
