WASHINGTON – The American Economic Liberties Project released the following statement in response to news that President Joe Biden will nominate Professor Lina Khan to replace Joseph Simons at the Federal Trade Commission (FTC).
“We applaud President Biden for recognizing that Lina Khan is a once-in-a-generation legal mind,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Professor Khan is the intellectual architect of the bipartisan suits against Facebook and Google. She has exposed the dangerous concentration of power in the meat industry. She’s identified key national security concerns posed by our concentrated supply chains. And she has written thoughtfully about all of the tools the government should bring to bear to advance the interests of working people, smaller businesses, and local communities.”
“Her nomination comes as the pandemic exacerbates this country’s long-standing and unaddressed problems of concentrated power,” added Miller. “While big corporations grow in size and profit, smaller businesses are going extinct, and workers are barely getting by.”
“To address this crisis, the Biden-Harris administration needs to turn the page on the ideology and policies that brought us to the brink,” said Miller. “He will need to replace FTC Commissioner Chopra with another antimonopoly champion. He will need to staff the Department of Justice’s Antitrust Division with aggressive state enforcers and experienced plaintiffs’ side attorneys that will set the department up for success. And he must ensure all appointments are made to advance an equitable economic recovery.”
