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ESG, Corporate Governance & Future of the Firm

New Rules on Shareholder Voting Debate: Best Readers' Comment

James McRitchie
The draft SEC regulation on shareholder proposal and proxy advisory firms will curb the initiative of individual shareholders to improve corporate governance and transparency...
Academic Capture

The Epstein Report: How a Convicted Criminal Could Use MIT to Whitewash His Reputation

Stefano Feltri
The only reason why a pedophile's donations did not violate any MIT policy is that MIT does not have any policy to prevent embarrassing...
Academic Capture

Corporations and the Rise of the Chicago Law and Economics Movement

Robert Van Horn
From its birth in 1946 onward, corporations made possible and crucially supported the rise of the Chicago law and economics movement. Aaron Director,...
Antitrust and Competition

Should We Let Facebook Decide the Next President of the United States?

Stefano Feltri
Facebook admitted that only a binding regulation on political ads could prevent private corporations from influencing the outcome of US presidential elections. Without such...
ESG, Corporate Governance & Future of the Firm

Why the US Government Buys Overpriced Services From McKinsey

Matt Stoller
The Industrial Funding Fee pays $3 million a year for a 23-year old McKinsey employee instead of hiring an experienced person directly to do...
Antitrust and Competition

The Rise of the Opioids: How Purdue Invented New Markets for OxyContin

David Egilman, Gregory Collins, Julie Falender, Naomi Shembo, Ciara Keegan, Sunil Tohan
Purdue's strategy was to market its opioids directly to patients via brochures, videos, advertisements, and the internet. It also provided information to doctors and...
Regulatory Capture

Who Benefits When State Governments Award Incentives to Politically-Connected Companies?

Allison Koester
A new study finds that a company is nearly four times more likely to receive an economic incentive in a state where the company...
Academic Capture

Purdue Circumvented the Regulator to Promote OxyContin, Hiding Its Real Risk of Addiction

David Egilman, Gregory Collins, Julie Falender, Naomi Shembo, Ciara Keegan, Sunil Tohan
In 2001, the Food and Drug Administration required Purdue to change OxyContin’s patient package inserts to make addiction risks more evident. The company altered...
Academic Capture

“The Question Is Whether We Live in a Democracy or a Corporate State”

Asher Schechter
In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...
Antitrust and Competition

"You Can Put the Monopoly Tiger in a Cage but You Cannot Transform a Tiger Into a Vegan"

Christoph Gisiger
In an extensive interview with the Swiss news website TheMarket.ch, Luigi Zingales discusses ways to deal with Big Tech and the impact of the...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.