U.S. President Joe Biden has switched to Lina Khan, a staunch opponent of major corporations, to the Federal Trade Commission, according to a source familiar with the matter.
Elections are uplifting A 32-year-old professor at Columbia University Law School active action in the hands of Biden, as legislators in Congress swear to break on anti-competitive behavior among the largest modern groups in the US.
Khan’s election to the FTC seat came to light on the same day he was confirmed by the US Congress for the chair on a five-member committee.
“Congress has established the FTC to protect fair competition and to protect consumers, workers, and honest businesses from injustice and fraud. I look forward to fulfilling this mission with power and serving the American people,” he wrote in a tweet on Tuesday.
Khan is one of America’s leading experts to criticize major US companies, from Amazon to Facebook and Google, for abusing their power in the marketplace, and has called on the government to take action.
Khan Paper 2017, “Anti-Antitrust in Amazon”, It challenged the power of emerging companies, especially their responsibility to acquire goods and compete with the millions of small businesses that use Amazon to sell goods.
It also said that more and more ideas about curbing dishonesty – that lower prices are better for consumers – have come into play and have not considered the current economic crisis.
Amazon did not immediately respond to a request for comment on Khan’s appointment. The company has maintained its competitiveness in all areas of its operations, proving that it represents a minority in the business.
Khan was also an advisor to the House Management Committee during the investigation of the major corporations. 449-page committee report, published last year, criticized major US technical groups and advised Congress to enact legislation that would, among other things, make it harder for major corporations to find potential opponents.
Biden’s idea of appointing Khan to chair the FTC – which could make him one of the youngest leaders in the international community – sends a signal to his supervisors that he will be strongly influenced by Big Tech. The US president will soon run for office Group Wu, a prominent Silicon Valley protagonist at Columbia Law School, to become a White House specialist in competitions.
Citizen Citizen, a non-profit retailer, slammed Biden’s idea to address a “strong corporate escape”.
“As Commissioner, Khan will work in Silicon Valley and throughout our economy,” said Alex Harman, a promoter of the Public Citizen competition, in a statement.
“Greedy and oppressive corporations should be informed that the FTC is no longer visible because it is gaining the power to harm consumers, treat them unfairly, and provide them with employment opportunities.”
Elizabeth Warren, a Massachusetts Democratic filmmaker who wants Big Tech parties out, celebrated the election.
“Biden’s approach states @alirezatalischioriginal as Chairman of the Federal Trade Commission is a very good story. “Some of them bring out the best in the industry and they will be confident in the consumer,” said Warren.
When the market closed on Tuesday, the share prices of Amazon, Facebook, Labels and Apple were not changed by the issue.
Facebook declined to comment on Khan’s election. The letter with Apple did not immediately return requests for comment.
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