Connect with us

The Dictatorship

What Trump’s replacement of Lina Khan reveals about JD Vance

Published

on

What Trump’s replacement of Lina Khan reveals about JD Vance

For the last few years, a younger generation of Republicans — including Vice President-elect J.D. Vance — has tried to convince their party to (partially) rethink its traditional kowtowing to corporate interests. If they really want to be the party of the working class, it might not be enough to pour contempt on college professors and government employees. What if they combined that with a genuine skepticism of corporate power, and a willingness to use government to police monopolies and make sure markets work for everyone?

It was an interesting idea. But even if Vance and his allies were sincere — and there are plenty of reasons to doubt that — the incoming Trump White House is going in another direction. Big business will have even more influence in Donald Trump’s second administration than in his first, and the dream of a Republican Party that cares about voters’ pocketbooks, not just CEOs’ salaries, will be deferred yet again. The idea that this administration will be “populist” in any meaningful sense looks more like a joke every single day.

While not all of Khan’s antitrust actions have been successful, she has notched some notable victories.

Already, Trump has tapped more than a dozen billionaires and Wall Street tycoons to fill out Cabinet posts and advisory positions. He is dining with industry lobbyists and promising regulatory exemptions to big companies. And on Tuesday, he confirmed that he would replace Lina Khan, the government’s most prominent fighter against corporate poweras chair of the Federal Trade Commission.Under Khan, the FTC has been at the center of some of the most important action on markets and monopolies over the last four years. Along with Jonathan Kanter, head of the Justice Department’s Antitrust Division, Khan has reinvigorated antitrust enforcement, challenging giant mergers and bringing lawsuits against tech companies for their exploitative practices.

While not all of Khan’s antitrust actions have been successful, she has notched some notable victories. Earlier this year, the FTC sued to block a proposed merger between grocery giants Kroger and Albertsons, arguing the merger would raise prices and hurt workers. After a judge sided with the FTC and state regulators, Albertsons backed out of the deal.

Though wealthy donors in both parties despise Khanher adversarial relationship with large corporations, and particularly with the tech industry, won her some fans on the right. “I look at Lina Khan as one of the few people in the Biden administration that I think is doing a pretty good job,” said Vance earlier this year. Sen. Josh Hawley, R-Mo., said that her past criticism of Amazon was “precisely why she was a good choice for the FTC.”

Hawley is just one Republican who has styled himself an anti-corporate crusader; he has introduced a billto outlaw corporate political contributions, which he says would “hold Corporate America accountable for drowning out the voices of the American people.” Sen. Marco Rubio, R-Fla., Trump’s pick for secretary of state, once endorseda union organizing drive at an Amazon facility, though only because he thought the company was too “woke” and should be punished.

The support for Khan from these “Khanservatives,” and the forlorn hope that Trump’s “populism” has anything to do with economics, led some to wonder if Trump might actually let Khan stay on. The conservative Wall Street Journal editorial board warnedIn July that “Mr. Vance may lobby Mr. Trump to reappoint her in a second term.” Instead, Trump has picked FTC Commissioner Andrew Ferguson as her replacement. In announcing Ferguson on his Truth Social platform, Trump wrote that “Andrew has a proven record of standing up to Big Tech censorship.” But this hostility emerges only when Ferguson believes tech companies are censoring conservatives. He recently praised X owner Elon Musk, saying that the platform’s “current turn toward free expression is due only to its new owner’s unusually firm commitment to free and open debate.” In fact, Musk regularly silences his own critics on X and files lawsuits trying to quash speech he doesn’t like.

Ferguson’s pitch to run the agencyfirst reported by Punchbowl Newsdemonstrates that he will broadly reverse Khan’s robust antitrust enforcement. In the one-page document, he promises to “reverse Lina Khan’s anti-business agenda” by repealing “burdensome” regulations (i.e. regulations that businesses don’t like) and stopping “Lina Khan’s war on mergers.” And lest Big Tech gets too worried, he pledges to “end the FTC’s attempt to become an AI regulator.”

Now Vance and his allies’ claims to populism will be truly tested.

No one should be surprised that conservative support for Khan and opposition to Big Tech was never about the dangers of monopoly power or the well being of consumers. Republicans only get mad at companies when they perceive a threat to their partisan interests. Likewise, they’ll condemn corporate “wokeness” when companies celebrate Pride Month, but they don’t care if those same companies jack up prices, mistreat workers or pollute communities. For all the Khanservatives’ claim to be reimagining their party’s stance toward corporations, they lack any broader conception of how much power corporations should have, how government should ensure the proper functioning of markets, or what constitutes genuine competition in the public interest. They’re happy to have the FTC, and the government in general, revert to a reflexive view that corporations should be able to do pretty much whatever they want — so long as it’s conservative officials who are determining where the lines are.

Now Vance and his allies’ claims to populism will be truly tested. Are the corporate-oriented officials running key agencies in the new Trump administration going to reverse the Biden administration’s efforts in taking on corporate power? What about the FTC’s recently finalized “click to cancel” rule, which will require that canceling a subscription or gym membership is as easy as signing up in the first place? What about its crackdown on “junk fees,” or its ban on onerous noncompete agreements? Based on Trump’s actions since the election, all these moves could be at risk.

It’s not just the FTC — we could see the Trump administration end the efforts to get better treatment for airline passengers that Biden started, or follow up on threats to neuter the Consumer Financial Protection Bureau, which protects consumers from financial industry scams and mistreatment (Elon Musk has said he wants to “delete” the CFPB). Here’s the real measure of the phoniness of the Republican claim to populism: As the next four years progress, watch how often the administration takes the side of consumers when they come in conflict with corporate interests. My bet is on “almost never.”

Perhaps Vance was sincere all the times he said he wanted a genuinely populist Republican Party that is skeptical of corporate power. But that’s almost certainly not what we’re going to get. Conservative ideology, and subservience to the moneyed interests that fund the GOP, will determine what Republicans do when they take power, just as they always have.

Read More

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Dictatorship

Trump sends envoys to Islamabad as Iran rules out direct talks

Published

on

Trump sends envoys to Islamabad as Iran rules out direct talks

ISLAMABAD (AP) — The latest ceasefire talks between the United States and Iran appeared to fail Saturday before they began, as Tehran’s top diplomat left Pakistan and President Donald Trump soon afterward said he had told envoys not to travel to Islamabad.

The negotiations were meant to follow historic face-to-face talks earlier this month between the U.S., led by Vice President JD Vance, and Iran, led by parliament speaker Mohammad Bagher Qalibaf. But Iranian officials have questioned how they can trust the U.S. after its forces started blockading Iranian ports in response to Iran’s war grip on the Strait of Hormuz waterway.

“If they want to talk, all they have to do is call!!!” Trump said on social media, adding: “Too much time wasted on traveling, too much work!” The White House on Friday said Steve Witkoff and Jared Kushner would be going to Islamabad.

Iran’s Foreign Minister Abbas Araghchi left Islamabad on Saturday evening, two Pakistani officials told The Associated Press, speaking on condition of anonymity because they were not authorized to talk to the media.

“Shared Iran’s position concerning workable framework to permanently end the war on Iran. Have yet to see if the U.S. is truly serious about diplomacy,” Araghchi later said on social media.

Another ceasefirebetween Israel and the Iranian-backed Hezbollah, was shaken Saturday as each side fired at the other and Israeli Prime Minister Benjamin Netanyahu ordered the military to “vigorously attack Hezbollah targets in Lebanon.”

Iran had said any talks would be indirect

Trump this week announced an indefinite extension of the ceasefire with Iran. It has paused most fightingbut the economic fallout is growing two months into the war as global shipments of oil, liquefied natural gas, fertilizer and other supplies are disrupted by the near-closure of the Strait of Hormuz.

Both sides have continued to make military threats. Iran’s joint military command on Saturday warned that “if the U.S. continues its aggressive military actions, including naval blockades, banditry, and piracy” it will face a “strong response.”

Even before Saturday’s developments, Iran’s foreign ministry said any talks would be indirect and that Pakistani officials would convey messages. In Pakistan, Araghchi met with Army Chief Field Marshal Asim Munir and Prime Minister Shehbaz Sharif about what he called Iran’s red lines for negotiations.

Araghchi went on to Oman, a mediator in talks before the war and the country on the other side of the Strait of Hormuz. The foreign minister will visit Pakistan again on Sunday before visiting Russia, the state-run IRNA news agency reported.

Trump later told journalists that within 10 minutes of him canceling the envoys’ trip to Pakistan, Iran sent a “much better” proposal, with no details. He stressed that one of his conditions is that Iran “will not have a nuclear weapon.”

Sign up for Morning Wire: Our flagship newsletter breaks down the biggest headlines of the day.

Contentious points in talks include Iran’s enriched uranium and the standoff on the Strait of Hormuz as well as concerns about Iran’s missile program and its support for armed proxies in the region.

Tehran has noted that indirect talks with the U.S. last year and early this year over its nuclear program, the issue long at the center of tensions, ended with Iran being attacked by the U.S. and Israel, adding to its wariness.

The standoff around the strait continues

The price of Brent crude oil, the international standard, is nearly 50% higher than when the war began because of Iran’s grip on the strait, through which a fifth of the world’s oil passes in peacetime.

Iran attacked three ships this week, while the U.S. maintains a blockade on Iranian ports. Trump has ordered the military to “shoot and kill” small boats that could be placing mines.

Germany’s Defense Minister Boris Pistorius said his country was sending minesweeper ships to the Mediterranean to help remove Iranian mines from the strait once hostilities end.

Also Saturday, Iran resumed commercial flights from Tehran’s international airport for the first time since the war began with U.S. and Israeli strikes on Feb. 28. Flights were scheduled to depart for Istanbul, Oman’s capital of Muscat and the Saudi city of Medina, according to state-run television.

A growing toll even as ceasefires hold

Since the war began, authorities say at least 3,375 people have been killed in Iran and at least 2,496 people in Lebanon, where new fighting between Israel and the Iran-backed militant group Hezbollah broke out two days after the Iran war started.

Trump announced Thursday that Israel and Lebanon had agreed to extend a ceasefire between Israel and Hezbollah by three weeks. Hezbollah has not participated in the Washington-brokered diplomacy.

But Israel struck southern Lebanon on Saturday, killing at least six people it aid were Hezbollah militants, and several rockets and drones were launched at Israel from Lebanon.

Additionally, 23 people have been killed in Israel and more than a dozen in Gulf Arab states. Fifteen Israeli soldiers in Lebanon, 13 U.S. service members in the region and six members of the U.N. peacekeeping force in southern Lebanon have been killed.

___

Ahmed reported from Islamabad and Gambrell reported from Dubai, United Arab Emirates. Associated Press writers Melanie Lidman in Tel Aviv, Israel; Bassem Mroue in Beirut; and Will Weissert in Washington contributed.

Read More

Continue Reading

The Dictatorship

US sanctions China-based oil refinery and 40 shippers over Iranian oil

Published

on

US sanctions China-based oil refinery and 40 shippers over Iranian oil

WASHINGTON (AP) — President Donald Trump’s administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil.

The move, announced Friday and first reported by The Associated Press, makes good on Trump’s threat to impose secondary sanctions on companies and countries that do business with Iran. It’s also part of his Republican administration’s overall ramped-up campaign to cut off Iran’s key source of revenue — its oil exports.

Concurrently, the U.S. this month imposed a physical blockade on the Strait of Hormuzthe Persian Gulf waterway that is crucial to global energy supplies.

The sanctions, which cut off the companies from the U.S. financial system and penalize anyone who does business with them, come just a few weeks before President Donald Trump and China’s Xi Jinping are due to meet in China.

Included in Friday’s sanctions is Hengli Petrochemical’s facility in the port city of Dalian, which has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China.

The Treasury Department says Hengli has received Iranian crude oil shipments since 2023 and has generated hundreds of millions of dollars in revenue for the Iranian military.

The advocacy group United Against Nuclear Iran said in February 2025 that Hengli is one of dozens of Chinese purchasers of Iranian oil.

China is the biggest buyer of Iranian oil, importing 80% to 90% of Iranian oil before the U.S.-Israeli war with Iran broke out, though the crude — transported by a shadow fleet of vessels — often has its origin obscured but arrives in China as oil from countries such as Malaysia. Smaller refineries, known as teapot refineries, typically are the buyers of Iranian oil.

Iran has previously said that its demands for ending the war include the lifting of sanctions.

Treasury Secretary Scott Bessent said Friday that his agency “will continue to constrict the network of vessels, intermediaries and buyers Iran relies on to move its oil to global markets.”

Earlier this month, Bessent’s department sent a letter to financial institutions in China, Hong Kong, the UAE and Oman threatening to levy secondary sanctions for doing business with Iran and accusing those countries of allowing Iranian illicit activities to flow through their financial institutions.

Bessent said during a White House press briefing on April 15 that the administration has told countries “that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions, which is a very stern measure.”

The sanctions come as the global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar.

Treasury has tried to quell the impact of rising oil prices issuing temporary sanctions waivers on Russia oil and a one-time waiver on Iranian oil already at sea.

The AP was making efforts to contact Chinese officials for comment on the sanctions.

China has disagreed with previous U.S. sanctions, but its major companies and banks still comply with U.S. sanctions because they are more exposed to the U.S.-dominated financial system.

After the U.S. earlier this month sanctioned a Chinese refinery accused of buying Iranian oil, Liu Pengyu, a spokesperson for China’s embassy in Washington, said the use of the sanctions “undermines international trade order and rules, disrupts normal economic and trade exchanges, and infringes upon the legitimate rights and interests of Chinese companies and individuals.”

Read More

Continue Reading

The Dictatorship

DNC Chair says releasing full 2024 election autopsy would cause ‘navel-gazing’

Published

on

Democratic National Committee Chair Ken Martin on Saturday defended his decision not to release a full autopsy of the party’s 2024 election losssaying it would “allow people to point fingers, place blame” instead of focusing on this year’s midterm elections.

Speaking to MS NOW’s “The Weekend,” Martin argued that “re-litigating” the 2024 presidential election would distract Democrats from their goal of winning the midterms in November and the 2028 presidential race.

He said Democrats are planning for what they expect to be an “unprecedented assault on our elections” from President Donald Trump, who has already signaled his intention to have federal officials “take over” the elections.

The party’s focus, Martin said, should be on protecting free and fair elections and defeating Republicans and Trump, rather than “engaging in a back and forth” over where it went wrong in 2024.

After then-Vice President Kamala Harris lost to Trump, the DNC ordered a review of where the party fell short. But 10 months later, Martin said the committee would not release the full 2024 autopsya decision that has prompted still-grieving Democrats — including potential 2028 candidates — to prescribe their own solutions to winning over voters.

Martin has repeatedly said that releasing the full report would distract Democrats from taking on Trump. But a growing number of DNC members, Democratic leaders and elected officials are urging him make those findings public, NBC News reported last week.

Martin said Saturday that he wants to keep the party’s focus on “the top lines” and that a 200-page report “allows people to sort of engage in navel-gazing.” He said it would not be helpful for people to harp on “what ifs” over the last election when “none of us have a time machine.”

“I’m not here to protect anyone, right? What I’m here to do is win elections,” he said, adding, “What we’re focusing on right now is the future, not the past.”

Clarissa-Jan Lim is a breaking news reporter for MS NOW. She was previously a senior reporter and editor at BuzzFeed News.

Read More

Continue Reading

Trending