Part 5/8:

"The FTC doesn't help trade; it obstructs trade," the speaker claims. They advocate for a shift in focus towards consumer harm—arguing that many of the agency’s cases fail to meet this standard—and note that the Justice Department’s Antitrust Division should handle the few cases that warrant investigation, not an overextended regulatory bureaucracy.

The Larger Issue: The Administrative State as a Socialist Apparatus

Beyond criticizing specific agencies, the speaker warns of a broader problem: the proliferation of regulatory commissions, boards, and agencies that constitute a sprawling administrative state. This network, they argue, functions like a "fourth branch" of government, an unauthoritative but powerful overseer that hampers capitalism and entrepreneurship at every turn.