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Barring the Gate: FTC’s Noncompetes Under Siege


FEDERAL JUDGE THWARTS AMERICAN REVOLUTION: Noncompete Ban Blocked, Elites Save Their Grip on the Economy

In a shocking display of judicial overreach, a federal judge has temporarily blocked the Federal Trade Commission’s (FTC) ambitious plan to rid the country of noncompete agreements, a move that would have allowed upstart entrepreneurs to steal industry secrets and destroy the very fabric of our economy.

Ryan LLC, a prominent tax firm, had the audacity to challenge the FTC’s ban, claiming it was an unconstitutional attempt to destroy a "long-established private economic arrangement." And, incredibly, the court has sided with them. The judge’s preliminary injunction is a stark reminder that, despite the rhetoric about "pro-business" policies, the system is rigged against innovation and progress.

The plaintiffs, joined by the US Chamber of Commerce and Business Roundtable, have effectively neutered the FTC’s attempts to level the playing field and create a more competitive economy. By allowing noncompete agreements to continue, the court has given corporate fat cats a free pass to crush any potential competition and maintain their stranglehold on the market.

Make no mistake, this is a victory for the status quo. It’s a slap in the face to anyone who dared to dream of a more level playing field, where entrepreneurs could actually start and grow businesses without being held back by the shackles of noncompete agreements.

The FTC’s 3-2 vote in favor of the ban was a futile attempt to upset the apple cart. Their argument that the ban would lead to 8,500 new businesses each year was a naive fantasy, as the reality is that the current system allows for only a select few to thrive.

This judicial intervention is a stark reminder that the powers that be will stop at nothing to maintain their grip on the economy. The game is rigged, and it’s time for the people to take notice.

UPDATE: The judge’s preliminary injunction will be heard in court on August 30, 2024, with a ruling expected soon. Stay tuned for further updates on this developing story.



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