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In the spring of 2011, a recent Williams College graduate named Lina Khan interviewed for a job at the Open Markets Program, in Washington, D.C. Open Markets, which was part of the New America think tank, was dedicated to the study of monopolies and the ways in which concentration in the American economy was suppressing innovation, depressing wages, and fuelling inequality. The program had been founded the previous year by Barry Lynn, who believed that monopolies posed a threat to democracy, and that policymakers and much of the public were blind to this threat. Unlike the practice at other think tanks, which publish research reports and white papers, Lynn, a former reporter and editor, disseminated the program’s findings directly to the public, through newspaper and magazine articles.
The study of antitrust law was far from fashionable; since the nineteen-eighties, the field had been dominated by a world view that favored corporate conglomeration, which was acceptable, mainstream experts believed, as long as consumer prices didn’t rise. Lynn was seeking a researcher without any formal economics training, who would come to the subject with fresh eyes. Khan had studied the 2008 financial crisis and was interested in the effects of power disparities in the economy. She checked out Lynn’s book, “Cornered: The New Monopoly Capitalism and the Economics of Destruction,” from the library and skimmed it the...
Read Full Story: https://www.newyorker.com/magazine/2021/12/06/lina-khans-battle-to-rein-in-big-tech
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