Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values...
Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition.
As soon as Amazon announced...
With a few cronyist tweaks, China’s communist leaders made capitalism safe for Party rule. But will cronyism become China’s next booming export?
The Chinese economy...
In response to rising concerns about political disinformation, governments have introduced a slew of interventions. Federico Vaccari warns in new research that...
Collective shaming on social media is crucial in reducing corporate misbehavior — and society would be significantly worse off without watchdog platforms.
Most work on populism has investigated the reasons why voters choose populist leaders and governments. In new research, Moritz Schularick, Christoph Trebesch,...