The Federal Trade Commission (FTC) has many problems. From its rewritten mission that excluded consumers to accusations by the House that FTC Chair Lina Khan abuses her power. At its foundation, the FTC has moved away from a consumer-centered approach. Nowhere is that clearer than in the FTC’s policies towards mergers and acquisitions (M&A), once guided by a standard based on consumers, now guided by one based on competitors.  

You can read this entire piece in Real Clear Policy.