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Lina Khan and the “Hipster Antitrust” Movement - The Atlantic
In 1985, there were about 2,300 corporate mergers in the United States, according to the Institute for Mergers, Acquisitions and Alliances. In 2017, there were more than 15,300, a new record.

Well before Brandeis’s day, Thomas Jefferson sought to add an anti-monopoly clause to the Constitution. Andrew Jackson said Americans should “take a stand against all new grants of monopolies.” And some legal scholars even see an anti-monopoly instinct in the Fourteenth Amendment’s equal-protection clause, since monopolies can assert claims to special protections of the law.
antitrust  monopoly 
4 days ago by brycecovert
Visa, Mastercard Reach $6.2 Billion Settlement Over Swipe Fees - Bloomberg
Merchants had accused them of violating antitrust laws by illegally inflating swipe fees, or interchange, that merchants pay on every purchase transaction and which banks use to fund consumers’ credit-card rewards. The two payments networks have since gone public -- Mastercard in 2006, and Visa in 2008 -- and their shares have soared.

n 2013, the parties struck a then-record $5.7 billion deal that was approved by U.S. District Judge John Gleeson, only to have a federal appeals court reject it three years later, ruling that a provision that barred merchants from suing over fees was unfair. The court also said that lawyers who represented retailers nationwide didn’t do enough to protect their interests.
creditcards  antitrust 
5 days ago by brycecovert
Amazon’s Antitrust Antagonist Has a Breakthrough Idea - The New York Times
With a single scholarly article, Lina Khan, 29, has reframed decades of monopoly law.
monopoly  digital-economy  Amazon  antitrust  law 
7 days ago by PieroRivizzigno
Lina Khan and the “Hipster Antitrust” Movement - The Atlantic
Lina Khan has a novel theory about monopolies—and her sights are set squarely on the company.
Shortly after i met lina khan, her cellphone rang. The call was from a representative of a national organization, regarding a speech it had asked her to give. Khan was courteous on the phone, but she winced momentarily after hanging up. “That was the American Bar Association,” she confessed. “I don’t know if I’ve passed the bar yet.”
This feeling—that Khan’s ideas are in high demand slightly before her time—has characterized much of her life lately. In the past year, the 29-year-old legal scholar’s work has been cited approvingly by the lefty, rabble-rousing congressman Keith Ellison and by a Trump-appointed assistant attorney general, Makan Delrahim. She has been interviewed by NPR and written op-eds for The New York Times.
business  monopoly  amazon  antitrust  economics 
9 days ago by rgl7194
Trump's antitrust enforcer considers shifting up a gear | Reuters
“First, some recent economic literature concludes that the U.S. economy has grown more concentrated and less competitive over the last 20 to 30 years, which happens to correlate with the timing of a change to a less enforcement-minded antitrust policy, beginning in the 1980s,” he said. “These concerns merit serious attention.”
antitrust 
9 days ago by brycecovert
Amazon’s Antitrust Antagonist Has a Breakthrough Idea -- The New York Times
Amazon has so much data on so many customers, it is so willing to forgo profits, it is so aggressive and has so many advantages from its shipping and warehouse infrastructure that it exerts an influence much broader than its market share. It resembles the all-powerful railroads of the Progressive Era, Ms. Khan wrote: “The thousands of retailers and independent businesses that must ride Amazon’s rails to reach market are increasingly dependent on their biggest competitor.”
kb_society  law  economics  antitrust 
12 days ago by rootis0
Amazon’s Antitrust Antagonist Has a Breakthrough Idea - The New York Times
With a single scholarly article, Lina Khan, 29, has reframed decades of monopoly law.
newswire  antitrust  monopoly  amazon 
13 days ago by kejadlen

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