The Federal Trade Commission's rule prohibiting fake, paid-for or AI-generated reviews went into effect yesterday. The rule also bans business from making threats against people posting real reviews—a surprisingly common occurence.
"Fake reviews not only waste people's time and money, but also pollute the marketplace and divert business away from honest competitors," said FTC Chair Lina Khan. — Read the rest
During a lunch break at the "New Future for Antitrust" conference at the University of Utah, Lina Khan (previously), Marshall Steinbaum (previously), and Tim Wu (previously) drafted "https://onezero.medium.com/the-utah-statement-reviving-antimonopoly-traditions-for-the-era-of-big-tech-e6be198012d7"The Utah Statement, setting out a program for fighting monopolies beyond the mere revival and exercise of antitrust law, premised on the notion "that concentrated private power has become a menace, a barrier to widespread prosperity." — Read the rest
Back in 2017, a law student named Lena Khan made waves in policy circles with the publication of her massive, brilliant, game-changing 24,000-word article in the Yale Law Journal, Amazon's Antitrust Paradox, which revisited the entirety of post-Ronald-Reagan antitrust orthodoxy to show how it had allowed Amazon to become a brutal, harmful monopoly without any consequences from the regulators charged with ensuring competition in our markets.
In 2017, law student Lina Khan shifted the debate on Amazon and antitrust with a seminal paper called Amazon's Antitrust Paradox, which used Amazon's abusive market dominance to criticize the Reagan-era shift in antitrust enforcement, which rewrote the criteria for antitrust enforcement, so that antitrust no longer concerned itself with preventing monopoly, and only focused on "consumer harm" in the form of higher prices.
In 2017, a 28-year-old law student named Lina Khan turned the antitrust world on its ear with her Yale Law Review paper, Amazon's Antitrust Paradox, which showed how Ronald Reagan's antitrust policies, inspired by ideological extremists at the University of Chicago's economics department, had created a space for abusive monopolists who could crush innovation, workers' rights, and competition without ever falling afoul of orthodox antitrust law.
Last January, a 28-year-old law student named Lina Khan published a 24,000-word article in the Yale Law Journal unpicking a half-century's shifts in anti-trust law in America, using Amazon as a poster child for how something had gone very, very wrong — and, unexpectedly, this law student's longread on one of the most technical and abstract areas of law has become the centerpiece of a raging debate in law and economics circles.
A federal judge called America's move to forced arbitration and bans on class-action suits — bans favored and enabled by Scalia — "among the most profound shifts in our legal
history."
A brilliant, enraging op-ed in the Washington Post from analysts from the New America Foundation and the American Antitrust Institute shows how the Reagan-era policy of encouraging monopolistic corporate behavior has made America unequal and uncompetitive, creating a horror Gilded Age where the Congressional consensus is that laws cannot possibly put a check on bad corporate actors. — Read the rest
