He was referring to cocaine, which was once a component of the soft drink. That version is no longer sold because it would be illegal.
Laws tend to change due to both public knowledge and awareness changing over time. This is likely the reason why the extreme conservatives are doing their best to limit access and affordability of education for the middle and working classes and consolidation of the media. You can't really vote rationally without a universally efficient education or even awareness that a problem exists. It's hard enough to catch the news when you work 60+ hours to make ends meet. Calling this a "Democracy" is a bit of a stretch under such circumstances. As long as this remains the case the American Dream is just another big lie from the corporate big-shots and hangers-on.
I was born in the US and I don't recognize the country I grew up in. I grew up in the sixties and seventies and started a family in the eighties. I don't think the country I grew up in really exists any more. Both political parties had plenty of people I had great admiration for. Both had the fringe but they were a tiny minority. Back then I think both parties realized the damage to the country if we followed the path that politics is on now. The country no longer seems to matter as much as the power and wealth that accompany it for those chosen by the parties to participate in the political arena. A country in decline no matter how you choose to measure it.
The FTC is hardly without a flawless record. It also does pretty well considering the meager resources it brings to it's mission. The article reminds us that they do go after those that are blatant about their greed, customer antagonism and deception when they have the ability to do so. They tend to try to follow a reasonable middle ground, which is very difficult in today's political environment.