Pakistani-American professor Lena Khan was sworn in as director of the US Federal Trade Commission (FTC).
Earlier Tuesday, the United States Senate approved the nomination of Lena Khan, a 32-year-old Pakistani-born law professor at Columbia University, as commissioner of the United States Federal Trade Commission (FTC).
Experts believe that President Biden is trying to make antitrust laws effective and powerful by appointing Lena Khan to office so that the monopoly of large temple technology companies can be overcome.
In a tweet, Lena Khan thanked the Senate for supporting her nomination, saying: "Congress created the FTC to protect fair competition and treat honest consumers, workers and merchants unfairly and fraudulently." serving the American people. "
Lena is the youngest commissioner in the history of the Federal Trade Commission for Senate approval.
Leena Khan previously worked as an assistant to the FTC commissioner, Rohit Chopra, and as an assistant to the New America Foundation Left and its aftermarket and open market institutions, which escaped her monopoly.
Who is Lena Khan?
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. She graduated from 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. She teaches and writes research articles.
Her thesis on antitrust laws is highly praised and has received numerous awards. The research was published in the Yale Law Journal, Harvard Law Review, Columbia Law Review, and the University of Chicago Law Review.
A new debate begins on the Lena Khan investigation
A few years ago, as a student, she wrote a research article titled Amazon Antitrust Paradox, published in the Yale Law Journal. In this article, she concludes the consensus of the era when monopolies meet the requirements of antitrust laws. This consensus was reached in the 1970s.
Until then, antitrust laws focused on keeping prices low, but policymakers did not target companies.
Because Amazon lowered the prices of consumer products, no one paid attention to its market monopoly and the Federal Trade Commission avoided intervening.
But when Lena Khan's research paper described 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 on monopoly laws began. Lena Khan's article was also opposed by many opponents in the case of women's boredom.
Services in Congress
Lena Khan was previously an advocate for the Administration, Business Law and Antitrust Law subcommittee of the US Conference Judiciary Committee, where she helped guide the subcommittee's investigation on digital markets.
Professor Lena Khan was also a legal adviser in Commissioner Rohit Chopra's office at the Federal Trade Commission and legal director at the Open Markets Institute.
Count on the list of the 100 most exciting leaders
Previously, Lena Khan was included in the list of the 100 most influential leaders of the American magazine Time. She announced it by sharing Time magazine news on the social networking website Twitter. "I am grateful to Time for this honor," said Lena Khan.
The Top 100 Leaders by Time list includes the services of emerging leaders who play a key role in shaping the future. Her role in today's digital world has been praised for her outstanding service in challenging the monopolies of these major tech companies.
Support for Senator Elizabeth Warren
In a tweet, US politician and former law professor Elizabeth Anne Warren praised the Biden administration for Lena Khan's appointment, calling it "great news."
She wrote that Biden's appointment of Lena Khan as chairman of the Federal Commission is good news. "Lena has deep knowledge and skills for this role and she will be a courageous advocate for consumers."
"For a long time, big tech companies have been playing the game to smash the open field of competition," said a senior US senator from Massachusetts.
"These (huge temple companies) have increased their influence and power to exploit our data and spread anonymous information," said Senator Warren, who is from the left wing of the Democratic Party.
These (big companies) think they are so powerful that no one can hold them accountable, but Lena Khan will certainly prove them wrong.
Senator Elizabeth Warren added that the reason was that Lena Khan published her controversial article "The Amazon Antitrust Paradox" in the Yale Law Journal in 2017, when she was still a law student. "I have to say that she is at the forefront as a thought leader in the modern antitrust movement."
The senator said her writing and her defense made academics, lawyers, workers and government officials think differently about big tech companies.
Elizabeth Warren added about Lena Khan that she was also a leading figure in government, providing advice to various elected officials. She has been a member of the Federal Trade Commission and the House Judiciary Committee on Untrust.
She said Lena's deep knowledge and determination to explore the realities of earth not only brought attention to the issue of concentration of power, but also paved the way for its resolution.
Senator Warren says that big companies like Google, Apple, Facebook and Amazon are currently under 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 great threat to our economy, society and democracy. It is important to include Lena Khan to oppose them.
The World's Most Powerful Tech Companies vs. Lena Khan
Lena Khan will play an important role in restoring the competitive environment in digital markets to a favorable and equitable level.
She is at the forefront of antitrust laws that say that the traditional system of surveillance, cohesion and prevention of competition has not fulfilled its role, resulting in a concentration of economic and political power.
She advocates tighter scrutiny of digital businesses. According to CNBC, Lena Khan is excited to believe that a fundamental change in antitrust laws is needed because old laws allow US tech companies to make a big impact on markets.
Opposition Lena Khan
Senator Mike Lee, a member of Congress from the US state of Utah, expressed "grave concern" over the possible appointment of Professor Lena Khan.
“There is no question that Lena Khan has a passionate career ahead of her, but she has less than four years of experience working in law school and has an FTC commissioner as experience is not required for the main character.
Lena Khan is in favor of downsizing digital businesses. According to CNBC, Lena Khan is excited to believe that a fundamental change in antitrust laws is needed because old laws allow US tech companies to make a big impact on markets.
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