"While leading President Joe Biden's FTC, Khan injected trust-busting vigor into an agency that for decades looked on as corporations concentrated their market power, inflating prices, suppressing wages, and stifling innovation."
"Under her tenure, the FTC racked up impressive accomplishments, including blocking the proposed $24.6 billion merger of chain grocers Kroger and Albertsons, banning hidden "junk fees" that inflate costs for hotel stays and concert tickets, and securing price caps for asthma inhalers."
"But as antitrust analyst Matt Stoller pointed out in a recent edition of his newsletter, Mamdani will likely also face " economic termites "-the under-scrutinized monopolies that hinder municipal functions, compromising the provision of crucial services and leaving local governments with hefty bills."
Zohran Mamdani appointed Lina Khan to his transition team to pursue antitrust strategies and fairer business practices in New York. Khan led the Federal Trade Commission under President Biden and injected trust-busting vigor into enforcement against concentrated corporate power, confronting inflated prices, suppressed wages, and stifled innovation. The FTC under Khan blocked the proposed $24.6 billion Kroger-Albertsons merger, banned hidden "junk fees" on hotel stays and concert tickets, and secured price caps for asthma inhalers. Khan is reviewing New York law, including the Martin Act of 1919, to identify municipal tools. Under-scrutinized monopolies can increase costs and hinder essential city services.
Read at The Nation
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