During the US election last year, technology tycoons in Silicon Valley sided with Biden and boycotted Trump. This phenomenon attracted much attention.

Currently, personnel adjustments within the Biden administration have once again become the center of attention. Among them, Wu Xiuming has been appointed as the White House's special assistant in the field of technology and market competition policy. This news is particularly eye-catching.

Behind this are many considerations of American political economy.

Wu Xiuming has advocated antitrust for many years.

He has written books and articles calling for greater regulation of technology giants.

During the Obama administration, the principle of net neutrality was once established, but was eventually abolished. In 2019, he expressed regret for failing to push for stricter antitrust regulations and merger reviews at the time.

His radical stance has endeared him to Democratic radicals as he continues to advocate for breaking up elected officials and imposing restrictions on technology giants.

His views on antitrust stem from long-term thinking and practice.

He has observed certain problems that may arise during the growth of technology giants, and is deeply aware that these problems have a significant impact on the market competition pattern. He firmly believes that antitrust supervision can make the market healthier.

After the election, there was speculation that Wu Xiuming might join the Federal Trade Commission because he once served as a senior adviser to the commission.

But he was eventually recruited into the White House.

In the White House, he serves as the Special Assistant for Antitrust Policy, a position that can have a direct and important impact on the formulation of antitrust policy.

His decision to enter the White House was a choice made by the Biden administration after weighing multiple factors.

This position is very important.

It provides access to the core decision-making process.

At the White House, he can make direct recommendations to Biden. In comparison, if he joins the FTC, he will be able to influence the overall direction of policy at a higher level. In addition, this will also help integrate the resources of all parties to implement anti-monopoly related strategies.

Biden opposes abuses of market power, including by technology giants and their executives.

Wu Xiuming's joining the White House shows that the government attaches great importance to the issue of market competition.

Previously, the Democratic-led House Antitrust Committee had completed its investigation of the four major companies and pointed out existing problems. Now they are demanding revisions and adjustments to relevant laws.

This tough stance of the Biden administration expresses its determination to adjust the current market structure.

When the economy develops to a certain stage, anti-monopoly becomes urgent.

In the technology industry, some large companies have significant advantages, which suppresses the growth of emerging companies, thereby weakening the power of innovation and destroying healthy competition in the market.

The director of the National Economic Council during the Trump administration was Kudlow, a China hawk.

Most of the policies led by Kudlow are related to trade and economic sanctions.

The economic policy direction is very different from that of the Biden administration.

Wu Xiuming in the Biden administration focuses on internal economic issues such as antitrust.

In addition, regarding the principle of net neutrality, the corresponding policy established during the Obama era was abandoned during the Trump administration.

The Biden administration has begun to refocus on previously neglected parts of economic policy, choosing to start in the area of ​​antitrust, an approach that is in sharp contrast to the previous administration's approach to technology economic strategies.

He will promote Biden's platform to address the economic and social problems caused by the rising influence of technology platforms.

The initiative aims to promote market competition, address monopolies and power imbalances, and expand broadband services to low-income and rural areas.

None of these tasks are easy.

In promoting market competition, we must face the powerful resources and lobbying capabilities of technology giants.

Expanding broadband services requires dealing with multiple complex matters such as capital investment and infrastructure construction. However, Wu Xiuming is able to promote this matter from a policy level in his position.

Wu Xiuming’s appointment is a clear signal to technology giants.

This government’s antitrust laws will be stricter.

Once upon a time, tech giants did not have such antitrust pressure under the Trump administration.

Now that will change.

Technology giants may need to adjust their business strategies to avoid abusing market power.

When conducting business activities such as mergers and acquisitions, more regulatory considerations must be taken into consideration. At the same time, when dealing with competitors, we cannot suppress them arbitrarily.

This has far-reaching significance for the restructuring of the entire technology industry.

Do you think Wu Xiuming’s antitrust work in the Biden administration can ultimately achieve the desired goals?