regulatory capture
How Regulators and PwC Fooled Reporters—Again
Is the PCAOB really investigating PricewaterhouseCoopers (PwC) for its role in the Mattel auditing mess? I may be wrong, but I seriously doubt it....
The SEC’s Shareholder Voting Reform Runs Counter to Attempts at Democratizing Corporate America
The SEC should drop its proposed changes or modify them so that they are less onerous and less damaging to the rights of shareholders...
The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy
Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...
The States Must Appeal the Decision to Allow the Sprint/T-Mobile Deal
A close review of the court ruling that approved the $26 billion mega-merger reveals a number of mistakes in Judge Victor Marrero’s reasoning, which...
The Amazon of Health Care: How CVS Is Evolving From a Drug Store Chain into a Tech Platform
CVS is built on a dominant chain of drug stores, but it is now trying to turn itself into a "uniquely powerful platform" for...
Facebook’s Enduring Control Over Social Media Markets
According to the British Competition and Markets Authority (CMA), Facebook accounts for 75 percent of the UK’s social media market. Over the past 10 years,...
A New Capitalisn't Episode: Did the Economists of the '60s and '70s Ruin the Economy?
Are economists to blame for our current state of affairs? That's the argument Binyamin Appelbaum makes in his book "The Economists' Hour." In this...
With the Court Approval of the T-Mobile/Sprint Merger, the Dominant Doctrine in Antitrust Has Jumped the Shark
New York Judge Victor Marrero allowed two major mobile companies to merge in an already concentrated telecom industry, ensuring that prices will rise and...
Google’s and Facebook’s Grip on Digital Advertising Markets
Since July 2019, the UK's Competition and Markets Authority has been conducting an extensive investigation of the digital advertising market. In its preliminary report on...
Can Google Mobilize Its Users to Lobby Elected Officials?
Google has an 87 percent market share in the search business and the potential to mobilize more voters than the Democratic primaries, according to...
