Mamdani Names Anti-Business Lawyer as Transition Leader

Grokmaster

Grokmaster

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Wow....NYC is thoroughly screwed. Know nothing , never do e anything bureaucrats are going to majorly damage The Big Apple...



Mamdani’s new anti-business bogeywoman: Lina Khan​

Socialist Zohran Mamdani next NYC mayor​




Joe Biden’s most prominent far-left antibusiness attacker is now shaping the transition of the financial capital of the world, which could reverse the push begun by former Mayor Michael Bloomberg to make New York City the East Coast version of Silicon Valley.

New York City mayor-elect Zohran Mamdani may chase away the companies he needs to pay for his big government socialism by naming an anti-business antagonist, Lina Khan, as co-chair of his transition team. Khan is the former Federal Trade Commission Chair under President Biden, with a long track record of attacking businesses.

"It’s like hiring a trust-buster to plan your honeymoon with big tech," one policy analyst has joked. "You know it’s going to be intense.

Mamdani, a former state assemblyman from Queens who has never worked in the private sector, praised Khan as "a brilliant legal mind" who "understands how unchecked corporate power can distort public priorities."







www.foxbusiness.com

Mamdani’s new anti-business bogeywoman: Lina Khan

Former FTC chair Lina Khan joins Mamdani's transition team as NYC prepares for potential regulatory crackdown on major tech companies like Google, Meta, and Amazon.
www.foxbusiness.com www.foxbusiness.com
 
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Whether Lina Khan is "anti-business" is a matter of debate, but her actions as a regulator have been seen by many as challenging existing business practices
. Critics argue her antitrust approach harms businesses, innovation, and the economy, while supporters see her as a champion against unfair corporate power and a necessary force for consumer protection. Her tenure at the FTC was characterized by increased scrutiny of mergers, enforcement against "junk fees" and unfair practices, and renewed use of dormant legal authorities.
 
Arguments against the "anti-business" label
  • Focus on unfair practices: Supporters see her work as a necessary correction to the consolidation of corporate power and a defense of consumers from unfair practices, like those identified by the The Hill and qz.com.
  • Enforcement of existing laws: Khan has stated that she believes agencies should use the authorities already granted to them by Congress, arguing that not doing so weakens their own power and can be harmful.
  • Modernizing antitrust: Supporters view her work as an essential update to antitrust laws that were not keeping pace with 21st-century business realities, according to qz.com.
  • Challenging corporate power: Her approach is seen by proponents as a means to promote a more competitive market, which ultimately benefits businesses by preventing monopolies and fostering innovation, notes The New York Times.
 
"The forest was shrinking, but the trees kept voting for the axe, because the axe was clever enough to convince the trees that because he had a wooden handle, he was one of them..."
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