US President Joe Biden has announced the nomination of Lena Khan, a Pakistani-born law professor at Columbia University, as commissioner of the US Federal Trade Commission (FTC).
Experts believe that President Biden will try to make anti-trust laws more effective and powerful by appointing Lena Khan to the post so that the monopoly of giant temple technology companies can be overcome.
The US Senate will now debate the nomination of 32-year-old Lena Khan, and if approved by the upper house, she will become the youngest commissioner in the history of the Federal Trade Commission.
After the US President's announcement, Lena Khan wrote on her Twitter that it is a great honor for her and if the Senate approves her name, she is very excited to work.
In addition to Lena Khan, the appointment of Tim Woo, another Columbia University law professor, as a White House adviser indicates that Biden is committed to pursuing an agenda of more interventionist antitrust laws. There are, of course, mergers and acquisitions of giant companies challenging the market.
"I think the interesting thing about people like Tim Woo and Lena Khan is that they're disrupting," said Senator Amy Klobuchar, who chairs the U.S. Senate Anti-Trust Panel, in an interview before the nominations. I say we need some disruption right now. "
Lena Khan was born into a Pakistani family living in the UK. Her family immigrated to the United States when she was 11 years old.
She completed her education in the United States and recently married Shah Ali, a cardiologist from Texas. He is a graduate of Williams College and Yale Law School.
Lena Khan is an Associate Professor of Law at Columbia University in New York, where she discusses monopoly control laws (antitrust law), industrial infrastructure law, and monopoly prevention traditions. Teaches and writes research papers.
His dissertation on antitrust laws has been widely acclaimed and has received numerous awards. The research has been published in the Yale Law Journal, Harvard Law Review, Columbia Law Review and the University of Chicago Law Review.
A few years ago, as a student, he wrote a research paper entitled Amazon Antitrust Paradox, which was published in the Yale Law Journal. In this article, he dispels the consensus of the time that the monopolies were meeting the requirements of antitrust laws. This consensus was reached in the 1970s.
Until then, antitrust laws have focused on keeping prices low, but policymakers have not focused on companies.
Because Amazon had lowered product prices for consumers, no one paid attention to its market monopoly and the Federal Trade Commission avoided intervention.
But when Lena Khan's research paper described the monopoly as a threat to the digital market and Internet users, people began to think about antitrust laws from a new angle. In the age of the Internet, a new debate about monopoly laws began. Many opponents also opposed Lena Khan's article in the case of female boredom.
Lena Khan has previously served as an advocate for the Anti-Trust Law, Commercial and Administrative Law subcommittee of the House Judicial Committee of the US Congress, where she helped guide the subcommittee's investigation into digital markets.
Prof. Lena Khan has also been a Legal Adviser in the office of Commissioner Rohit Chopra in the Federal Trade Commission and Legal Director in the Open Markets Institute.
Earlier, Lena Khan was included in Time Magazine's list of 100 most inspiring leaders. He made the announcement by sharing Time magazine's news on the social media website Twitter. "I am grateful to Time for this honor," said Lena Khan.
The list of Time's Top 100 Leaders features the services of emerging leaders who are playing a key role in shaping the future. Her biggest service is her role in challenging the monopolies of these big technology companies in today's digital world.
Support for Senator Elizabeth Warren
Elizabeth Ann Warren, a US politician and former law professor who is a senior US senator from Massachusetts, has said that "for a long time now, giant tech companies have been playing a game of crushing the open field of competition."
Senator Warren, who belongs to the Democratic Party's left-wing camp, said, "These (giant temple companies) have used their influence and influence to exploit our data and spread anonymous information."
"They (giant companies) think they have become so powerful that no one can hold them accountable, but they are sure that Lena Khan will prove them wrong."
Senator Elizabeth Warren added that the reason for her belief was that Lena Khan had published her controversial article 'Amazon's Anti-Trust Paradox' in Yale Law Journal in 2017 - when she was still a law student. ۔ "I must add that she has become a leading intellectual leader in the modern antitrust law movement."
The senator said his writings and advocacy have made scholars, lawyers, workers and government officials think differently about big tech companies.
Elizabeth Warren added about Lena Khan that she has also been a key figure in the government, providing advice to several elected officials. She has served on the Federal Trade Commission and on the House Judicial Committee on No-Confidence.
He said Lena's in-depth knowledge and determination to explore the ground realities had not only drawn attention to the issue of concentration of power but also paved the way for its solution.
Senator Warren says giant companies such as Google, Apple, Facebook and Amazon are currently facing increasing scrutiny, which is difficult to control due to loopholes in antitrust laws. , And there is an urgent need to enforce these laws and fight monopolies because these companies are a major threat to our economy, our society and our democracy. It is important to include Lena Khan to counter them.
The world's most powerful tech companies vs. Lena Khan
Lena Khan will play an important role in restoring the competitive environment in the digital markets to a favourable and equitable level.
He is at the forefront of anti-trust legislation that says the traditional system of policing, integration and prevention of competition has failed to play its role, leading to a concentration of economic and political power. Is.
According to Bloomberg News, Amy Cloughbacher, head of the Anti-Trust Laws Committee, praised President Biden's choice of Lena Khan.
"We all need it because we are coming together to work on the world's largest monopolies," he said in a statement, and President Biden was making clear his commitment to a policy of competition.
The Citizen Advisory Group said the Wall Street Journal, citing Lina Khan's congressional staff member and her work experience, said her nomination was "a sign of hope that the Biden administration will be more aggressive." Intends to adopt.
In an earlier article, Professor Lena Khan pointed out the power of the Wall Street Journal in influencing the organization's policies, formulating rules and regulations, and at the agency level to protect these antitrust and consumers. It will also affect the implementation of protection laws.
However, after this nomination, Professor Lena Khan will have to get the approval of the Senate where he will also have to face opposition. Earlier this month, Sen. Mike Lee, a member of the U.S. state of Utah Congress, expressed "grave concern" over the possible appointment of Professor Lena Khan.
"There is no doubt that Lena Khan has a passionate career ahead of her, but she has less than four years of experience working in a law school, and she has an FTC commissioner like Experience is not necessary for the main character.
The Wall Street Journal quoted him as saying that his views on enforcing antitrust laws were "unwise" and "baseless."
Tim Woo, for example, has criticized the concentration of power as the "new guild age" of corporate power and likened the rise of Silicon Valley giant temple technology companies to today's pirates. "A new day at FTC," a consumer advocacy group said in response to Lena Khan's nomination.
If Professor Lena Khan is ratified by the Senate, the Democrats will have a majority in the Federal Trade Commission.
She has previously worked as an aide to FTC Commissioner Rohit Chopra and as an assistant at the left-leaning New America Foundation and its monopoly-free 'Spin Off' and 'Open Markets Institute'.
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