If the FTC wasn’t such a limp dick for the past 2 decades, things may have turned out differently. All of these problems are the result of too much consolidation and not enough competition.
That’s why I’m excited about Khan’s FTC since she is actually doing her job. Despite a couple of high profile losses, they’re winning more than they’re losing and, most importantly, they’re deterring anticompetitive mergers since companies now have to think twice or risk a lawsuit.