Published by
The Seattle Times
The Seattle Times
An executive order signed Friday by President Joe Biden directing federal agencies to beef up anti-competition rules increases the antitrust pressure facing large, local tech companies — Amazon in particular, though Microsoft could also be affected. “Capitalism without competition isn’t capitalism. It’s exploitation,” Biden said in a speech at the White House before signing the order. Biden urged the Federal Trade Commission to establish rules that could limit how Amazon operates its $295 billion online retail marketplace. The executive order also asks the FTC to reconsider guidelines for merg…