His role, focusing on competition policy, will be a new one in the National Economic Council. Mr. Wu will also focus on competition in labor policy, such as non-competitive terms enforced by companies, and focus on power in agriculture and the pharmaceutical industry. The job does not require Senate approval.
Mr. Biden has yet to name the nominees to formally lead the antitrust division of the Justice Department and the Federal Trade Commission – the main agencies that oversee competition in trade. Radicals fought hard to appoint left-wing advocates like Mr. Wu instead of individuals with a history of working for tech and law firms to represent them.
“Tim is a longtime antitrust advocate and he has pushed state officials to break up and restrain Big Tech,” Sen. Elizabeth Warren, a Massachusetts Democrat, said in a statement. Father. “I am delighted to see him in this role.”
Mr. Wu left the academy at various times to work in government. He served as a special advisor to the Federal Trade Commission in 2011 and 2012, then joined the National Economic Council to work on competition policy under the Obama administration, which is known for its treat children to technology companies like Facebook, Google and Amazon. Mr. Wu has since expressed some regrets.
“I have worked in the Obama administration and I work in the antitrust field, so I will take some personal responsibility here, but we have not provided merger oversight that we should Yes, ”Mr. Wu said in an interview at the Aspen Ideas festival in 2019. He added that“ maybe we have an over-the-top view ”of the technology sector at times.
Relatively unrestrained by regulations, these companies have significantly expanded through mergers and acquisitions over the two terms of President Barack Obama. Mr. Wu spoke of the pivot of many Democrats since those days, with the perception that the tech giants have failed to deliver on their promises to protect user data, giving fair treatment to small competitors and root false information out of their platforms.
Mr. Wu is known for campaigning against powerful telecom companies and coining the term “net neutral”, a philosophy that states that consumers should have equal access to all content on the internet. . Recently, he’s turned his attention to gatekeepers – like Facebook, Google and Amazon – that dominate online speech, search and retail.