Chris Flower (He/Him) Monday Good Afternoon Class, Below is the FTC's mission statement: "The FTC's mission is protecting the public from deceptive or unfair business practices and from unfair methods

of competition through law enforcement, advocacy, research, and education" While consumers theoretically become more complacent, the Federal Trade Commission is still going to be operating in its capacity. If more bad business practices uproot, then we will see the FTC operating more, just like with any government organization. This reminds me of the IRS overhaul a few years ago, more monetary transactions were taking place in a multitude of different avenues like crypto, online, and through phone apps, and all the IRS did was hire more employees. I believe the FTC would do the same if an increase occurred. ⠀ We live in something called "The Post Trust era" where everything is taken with a suspicion and double take. This is not the mid 20th century where there was very little deceptive business practices occurring. People have several different aids aside from the FTC to help educate themselves. Social media being one of them. When a negative event occurs it spreads like wildfire through out society. Chris However, there is one thing i can see a problem with and it is crypto currency. The government is not fully regulated into this yet and currently it is the wild west for fraud. I think once it is regulated that might change but we have a long way to go. Cheers https://www.ftc.gov/ Reply Jalen Sealee Monday Good Afternoon everyone! To answer this week's discussion question, yes. I can agree that because there are agencies like FTC, people become more negligent because they can fall back on an agency such as the FTC. According to the "The Federal Trade Commission" it states "The Federal Trade Commission empowers the agency to investigate and prevent unfair methods of competition, and unfair or deceptive acts or practices affecting commerce. This creates the Agency's two primary missions: protecting competition and protecting consumers." The Federal Trade commission is responsible for helping the relief for consumers such as restitution and penalties for any wrongdoing. The company has a lot of trust and many people take advantage of this. I believe it's important for people to stay vigilant and look out for themselves rather than solely relying on the FTC, This can furthermore help prevent bad business practices and potentially save time compared to navigating the processes of the FTC. A good balance between trust in the FTC agency and personal responsibility is essential for an effective strategy. I hope this helped, Jalen Sealee reference: https://www.ftc.gov/news-events/media- resources/what-ftc- ⠀ Reply protec does#:~:text-The%20basic%20statute%20enforced%20by, ting%20competition%20and%20protecting%20consumers. B/nWrite: In your initial post, please fully and directly respond to the following: • If consumers think agencies such as the FTC prevent unfair and deceptive practices, will they become less careful in watching out for themselves, thereby encouraging more bad business practices? Your initial post must be at least 200 words. If you are citing statistics or outside sources for your examples, please list the website or the reference entry. Respond to Peers: respond to at least two of your classmates' initial posts. Your peer responses should be substantive and at least 100 words each. Demonstrate your understanding of the topic by respectfully asking questions, raising new points for consideration, or requesting clarification from your fellow students. For example, you may want to compare your real-world examples to those of your classmates, see how they are similar or different, and discuss why.