Lina Khan, the terror of US Big Tech
In general, the FTC appointments don't attract much press interest. Yet Lina Khan's confirmation as a member of the FTC, and the subsequent announcement by the White House that she would be chosen to lead the commission, proved to be a notable exception.
It has been more than four years since Khan wrote his groundbreaking paper criticizing the current American anti-monopoly legal framework, arguing that policies and laws must change for the United States to prevent big tech companies from destroying jobs. , grab the markets and recover profits. It was that document, called "Amazon's Antitrust Paradox," that caught the attention of the Trump administration and set Khan on the path to leading FTC reform, and its confirmation, indeed promotion, is a sign that support exists. bipartisan, in the US, against the creation of monopoly positions.
So we will hear more of the Khan, also because Congress is already working to give Khan the study of a flurry of new bills that could drastically reshape the legal landscape in the field of antitrust law. Moreover, rightly, Khan is known for having said that, "if the laws are misinterpreted by the courts, Congress is the only actor capable of correcting their errors."
The most important law under study has a name that is all a program “ Eliminate monopolistic platforms ”, which, if you want, you can read at this link . Suffice it to say that the bill, which would redefine the limits of US antitrust law, would leave Khan with enormous powers. And Big Tech is already deploying its army of shadowy money-backed lobbyists and NGOs to try and prevent that from happening. For example, NetChoice, which represents them, has already talked about the "Politicization" of the discussion, a very wrong topic since this time both the DEMs and the GOP agree on the topic
The bill, plus four more to complete the package, would make it more difficult for dominant platforms to complete mergers and ban them from owning businesses that have clear conflicts of interest. The legislation represents the most comprehensive effort to reform the secular antitrust laws of the past few decades to adapt them to today's world.
After all, we must be clear: no democracy can accept that four companies reign absolutely over the economy and competition is the best tool to refine the Western system and make it able to compete with the Chinese one. In the US they understood this.
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The article Lina Khan, the terror of Big Tech USA comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/lina-khan-il-terrore-delle-big-tech-usa/ on Thu, 17 Jun 2021 08:00:19 +0000.