![]() In case after case, Lynn found, the number of companies in each market had been reduced to a few big entities that had bought up their competitors, giving them a disproportionate amount of power. Open Markets studied industries ranging from banking to agriculture. There will be things that you discover here that will outrage you.” Khan took the job. “She was just a fantastically smart person who was very curious.”ĭuring the interview, Lynn recalled, he asked Khan, “Do you ever get angry? Does anything make you outraged?” She replied, “No, not really.” Lynn said, “I think you’ll become angry while you’re doing this work. “When she walked in that door, she had no idea what this entailed or what she would become,” Lynn told me. ![]() She checked out Lynn’s book, “Cornered: The New Monopoly Capitalism and the Economics of Destruction,” from the library and skimmed it the night before her interview. Khan had studied the 2008 financial crisis and was interested in the effects of power disparities in the economy. Lynn was seeking a researcher without any formal economics training, who would come to the subject with fresh eyes. 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. 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 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. 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. 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.
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