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Post Reports

FTC Chair Lina Khan vs. Big Tech

Post Reports

The Washington Post

Daily News, Politics, News

4.45.1K Ratings

🗓️ 12 June 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Since Lina Khan was appointed chair of the Federal Trade Commission in 2021, the FTC has become more ambitious in its efforts to curb alleged unfair business practices. The agency has banned most non-compete agreements, has begun to scrutinize the proliferation of AI and has initiated lawsuits against massive tech companies like Meta, Microsoft and Amazon. (Amazon founder Jeff Bezos owns The Washington Post).The FTC under Khan’s leadership has drawn bipartisan support in Congress, but also the ire of some pundits and business leaders. 

Elahe Izadi sat down with Khan in The Washington Post studio this week for a wide-ranging conversation about Khan’s tenure at the FTC, how the government should be regulating AI, why the FTC is going up against Amazon and what it means to be doing this work in an election year. 

Today’s show was produced by Peter Bresnan. It was edited by Allison Michaels and mixed by Sean Carter. 

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Transcript

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0:00.0

Inside the U.S. government at a maybe lesser known agency, one woman is trying to change the way American businesses operate.

0:12.0

I absolutely feel a sense of urgency and

0:15.1

across the board we want to make sure that people are able to get a fair shake in

0:19.9

the marketplace be that as a consumer and customer or be that as a worker or small business

0:25.4

and entrepreneur, you want to make sure that dominant companies are not able to get away with

0:31.3

abusing their power in illegal ways.

0:34.0

This is Lena Khan.

0:36.0

On Tuesday, she came to the office of the Washington Post

0:39.2

for a conversation in our studio.

0:41.6

My name is Lena Khan, and I am chair of the Federal Trade Commission.

0:47.0

Khan was appointed to this role by President Biden in 2021.

0:54.1

The job of the agency is to ensure fair competition in the marketplace and to protect consumers.

1:00.5

And for

1:05.0

unfair business practices,

1:08.0

unfair business practices.

1:10.0

Many critics see the FTC's work under

1:12.0

con's leadership as overstepping the agency's authority.

1:16.0

But in Kahn's eyes, going after industry giants has always been core to its mission.

1:22.0

The Federal Trade Commission was created back in has always been core to its mission.

1:22.7

The Federal Trade Commission was created back in 1914

1:26.8

against the backdrop of the robber barons.

1:30.2

And so this was the first Guilded Age right right after the Industrial Revolution, where there had been all of these huge technological advancements, but also a lot of power that had been concentrated and consolidated

...

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