FTC Chair Lina Khan Combats Inflation
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trustbuster Lina KhanCBS News
•FTC trustbuster Lina Khan: feared in boardrooms, cheered on by progressives — and even some MAGA Republicans
59% Informative
Lina Khan is the youngest chair ever of the Federal Trade Commission .
Khan says much of the blame for the exorbitant prices on everything from food to concert tickets, is widespread corporate consolidation.
Khan : Too often fewer and fewer companies are controlling more and more of the market.
She says companies can start ripping you off, hiking prices, stealing from you.
Lina Khan's doggedness represents a shift in policy, a mandate to reverse decades of a hands-off strategy toward mergers and acquisitions.
Under President Biden the FTC and the Justice Department have unleashed a crackdown, suing scores of companies, including Ticketmaster ,. and the big five : , Meta , Microsoft , Apple , and a court just deemed Google an illegal monopoly.
But investment bankers, venture capitalists, and top CEOs say she's biased against them.
Lina Khan : "There's so much work to be done, and it's such an honor to be in this role" Khan : I think one challenge that agencies can face is when they shrink their own powers and authorities by not actually using the authorities that Congress has given them.
Khan : Some of her biggest donors are people who want her to get rid of you.
VR Score
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Informative language
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