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Young lawyer Lina Khan is supposed to break the power of the tech monopoly on behalf of US President Joe Biden. The giants are outraged.
He’s supposed to give wings to the cartel guards: Lina Khan.
Photo: An Rong Xu (“The Washington Post” / Getty Images)
The monopoly of technologyIThe industry must prepare for tougher times. D.still dThe Biden administration wants to employ a new generation of antitrust watchdogs for whom the power of Facebook, Google and Amazon are incompatible. is with a free market and a functioning society. At the forefront is Lina Khan, who in 2016, with a relentless critique of Amazon, marked the shift toward tougher monopoly control. anticipated hat.
She grew up in London as the daughter of Pakistani immigrants., Khan took care in your academic years in the United States early with monopolies and their detrimental effects on innovation, the labor market and prices. In his view, unlike in the past, cartels should no longer be judged solely on the basis of practices hostile to consumers., but according to its effects in the whole economy. Harmful practices would include eliminating the smallestr Competitors by dumpingPtravel or poachingin of engineers with high salaries that competitors cannot afford.
President Biden wants the 32-year-old lawyer and professor of the New Yorker Columbia–University as Commissioner in the National Trade Commission set, one of the two antitrust authorities in the country. TO Triumphs Democrats have a majority vote on the supervisory authority.
Sharp heading correction
This is important because Republikaner in the commission to laisser–fair supervision exercised; a doctor’s office, That goes back to the Obama administration. More than any other, the Obama administration had allowed the monopolistic behavior of Facebook, Google, and Amazon.
Biden was vice president at the time, but the appointment of Lina Khan and Tim Wu, ain another topkritiker the technologygramiganten, now indicates a steep heading correction. Khan wants supervisory authorities to punish abuses not just with buses, but with a broader arsenal of weapons bcome. The Commerce Commission boasted in 2019 that Facebook was fined $ 5 billion. «historical paradigm shift» have called.
But Gre busifen too short as they are financially easy to brokenn are. Rather, antitrust authorities should stipulate in future what is meant by fair competition and what practices are prohibited. So the tables would be turned. Instead, antitrust authorities often abuse yearsNorth The procedures must be demonstrated by the company. Comply with the rules that are legally binding hEight.
Tech companies are outraged
Khan is considered a thought leader in the hip Antitrust movement, a group of large–Tech critics who are was formed around Senator Elizabeth Warren. This group was initially successful with a 19-month investigation into market abuse by Facebook, Google, Amazon and Apple on behalf of Parliament’s Justice Commission.
Khans The nomination immediately sparked backlash. The Center for Digital Democracy hopes that they make antitrust authorities relevant againt. «She can get the national trade commission out of the swamp, in that got stuck for decades. » On the other hand, the Information and Innovation Technologies Foundation, which has the support of TechFirmen is funded.
