Obviously as the World moves closer together we see an increasing number of cross-border issues which require cooperation with other nations to safeguard consumers, foster competition and keep things moving smoothly. Actually the mission is indeed important that it requires a company inside our government that knows what they are doing. Personally in my opinion I do not trust the Federal Trade Commission to supply the leadership necessary to make this happen. In fact I’m appalled at their previous and documented piss poor performance and would ask the US Congress to deny any budget increases and insist upon a reduced amount of 50% in their annual budget. Recently in an official report to the united states Congress the FTC Stated:
“The FTC has worked with competition agencies worldwide to market guidelines and minimize policy divergences to help ease burdens on firms that operate around the world. Two key venues for competition officials to work toward a greater consensus will be the Organization Pissed Consumer for Economic Coordination and Development (OECD) and the International Competition Network (ICN), an organization launched four years back by the FTC, the DOJ, and 13 other competition agencies that now numbers almost 90 member agencies. The FTC also advocates discussion of linkages between competition and consumer policy around the globe. The FTC also devoted significant resources to assisting new competition agencies in countries with emerging market economies.”
I disagree with the FTC strategy as they attack our own companies at home and burden them with incessant regulation making their ability to compete in the world markets lessened. In fact the FTC has no clue in my opinion concerning how actual free markets work. It really is probably the last agency I’d want to help facilitate or dictate any sort of cooperative policy across borders. What do you think of the FTC? Do you think we even need that little division of the Justice Department? Think about this in 2006 and axe their budget.