Antitrust enforcement can help the U.S. to stay ahead of China on tech, FTC Chair Lina Khan says.
The tech industry often points to the threat of China catching up to U.S. technologies as an argument against more aggressive enforcement against them. For example, after the FTCfrom monetizing kids' data for allegedly violating an earlier privacy agreement, Meta spokesperson Andy Stone tweeted in part that it was an example of the FTC trying to "single out one American company while allowing Chinese companies, like Tik Tok, to operate without constraint on American soil.
"What history and experience have shown us is what best positions the United States to compete internationally, to stay ahead internationally, is making sure that we are a home for innovation," Khan said in an interview with CNBC's Andrew Ross Sorkin. "And what best produces breakthrough innovations, cutting edge technologies, is competition.
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