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U.S. President Joe Biden has called Lina Khan a prominent critic of the power of big tech companies to head the Federal Trade Commission, according to a person familiar with the matter.
The decision goes up 32-year-old professor at Columbia University School of Law To have a strong anti-monopoly role in the Biden administration as a member of Congress vow to swear About the anti-competitive behavior of the largest U.S. technology groups.
Khan was created on the same day he was confirmed by the U.S. Senate to appoint him president of the FTC to get a seat on a five-member committee.
“Congress created the FTC to protect fair competition and protect honest consumers, workers, and businesses from unfair and misleading practices. I look forward to fulfilling that mission by force and serving the American public,” he wrote in a tweet Tuesday.
Khan is one of the most reputable American scholars to criticize major U.S. tech companies, from Amazon to Facebook and Google, for abusing their market power, and has called on the government to take action.
Khan’s 2017 article, “The Amazon Monopoly Paradox”, Aimed at the corporation’s growth potential, primarily as a logistics provider and competitor to the millions of small businesses that Amazon uses to sell goods.
In conclusion, anti-monopoly dominance (low prices are good for consumers) was obsolete and did not take into account the conflicting forces of the modern economy.
Amazon did not immediately respond to a request for comment on Khan’s appointment. The company maintains that it competes in all sectors in which it operates, and has suggested a small percentage of retail trade.
Khan was also an advisor to the Home Justice Commission in his antitrust investigation into large high-tech companies. 449-page report from the Commission, published last year, Criticized major U.S. technology groups and recommended to Congress, among other measures, that legislation be introduced that would make it difficult for large companies to meet future challenges.
Biden is making the decision to lead the Khan FTC, which will be the youngest ever in a federal agency. His administration is reportedly intent on taking a more aggressive stance on Big Tech. He has also recently been elected president of the United States Wu group, Another notable Silicon Valley critic at Columbia Law School, was a special White House adviser on competition policy.
Public Citizen, a nonprofit consumer advocate, applauded Biden’s “escape from corporate power”.
“As a commissioner, Khan will take on the corporate barons of Silicon Valley and our entire economy,” Alex Harman, an advocate for Public Citizen competition policy, said in an email.
“Evil and abusive corporations should be warned that the FTC will not look the other way to harm consumers while they accumulate power to treat competitors unfairly and take advantage of employees.”
Massachusetts Democratic Sen. Elizabeth Warren has called for the breakup of the Big Tech groups and welcomed the appointment.
“Appointment of road administration @linamkhan The chairman of the Federal Trade Commission is in dire straits. Lina brings deep knowledge and expertise to this mission and will be a fearless champion for consumers, ”tweeted Warren.
When markets closed on Tuesday, stock prices on Amazon, Facebook, Alphabet and Apple saw no change in the news.
Facebook declined to comment on Khan’s appointment. Alphabet and Apple did not immediately return a request for comment.
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