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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Big Tech

Capitalisn’t: What’s in the Twitter Files and What Does It Mean?

ProMarket writers
In the March 30 episode of Capitalisn’t, Bethany McLean and Luigi Zingales discuss the Twitter Files, why so much of the mainstream media has...
Commentary

Nobel Laureate Douglas Diamond on How the Fed Could Have Prevented SVB’s Collapse

Brooke Fox
Nobel Laureate and bank run expert Douglas Diamond argues that the Fed’s choice to signal long-term low interest rates, and then suddenly reverse course...
Commentary

How the Start-Up Nation Could Fail

Lucian Bebchuk
Lucian Bebchuk and Oliver Hart explain why Israel’s proposed legal transformation would undermine not only its democracy but also its economy. Israel’s ruling coalition is...
Commentary

How Do We Avoid the Next SVB?

Anil Kashyap
Anil Kashyap explains why the collapse of Silicon Valley Bank and Signature Bank are the result of the failure of the Dodd-Frank Act to...
Commentary

Economics Must Catch Up On Industrial Policy

Nathaniel Lane
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust and Competition

The DOJ’s AdTech Suit Against Google Is Anything but Unconventional

Salil Mehra
The U.S. Department of Justice and eight states recently sued Google, claiming it runs its digital ad business to unfairly advantage its own business,...
Antitrust and Competition

Why the Antitrust Agencies Should Consider Prior Bad Acts in Merger Review

Michael A. Carrier
As the federal antitrust agencies consider revising the merger guidelines, they should add consideration of the merging parties’ previous bad acts, write Michael A....
Commentary

Enrolling Capitalism in the Fight Against Climate Change

Alessio Terzi
Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private jet ownership...
Commentary

Bail In Universities to Fix the Student Loan Crisis

Benedikt Koehler
Universities should take some responsibility for the student debt they produce. Benedikt Koehler offers several potential solutions for governments and higher education institutions to...
Antitrust and Competition

Reclaiming The Antitrust Law Of Potential Competition Mergers

Herbert Hovenkamp
In order to discuss the Meta/Within merger decision, it is important to understand the legal underpinnings and history of competition merger cases. Most mergers that...
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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.