Dozens of foreign citizens linked to corruption, embezzlement of public funds, organized crime, and tax crime have opened companies in Luxembourg, seemingly without raising red flags, suggesting a failure in the regulation of the corporate industry. Editor's note: This piece was republished with permission from the Organized Crime and Corruption Report Project (OCCRP). A longer version of the original piece can be found here. In...

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Recovering from Kleptocracy: A 10-Step Program

In his book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, Larry Diamond highlights 10 steps to close existing loopholes...

How Corporate Purpose Affects Firms

A company’s purpose is a core aspect of the organization: it influences the financial performance of company, and relates to its ownership...

Market Power and Money in Politics

A Stigler Center webinar explores how businesses lobby and compete for political power and whether mergers and industry concentration affect lobbying. 

What Happens When Multinationals Appear in Reporting on Activist Assassinations? High-Profile Media Has Bite

A new report finds that being linked to human rights abuses—merely appearing in reporting around high-profile events—can significantly influence a company’s stock...

Is Corporate Personhood to Blame for Money in Politics?

Just because corporations are “legal persons” doesn’t mean that they should get all of the same rights as human persons. Yet over...

what we're reading

READING LISTS

As tech companies such as Facebook, Amazon, Google, Apple, and Twitter grew so did their influence over the US economy and politics. Are these companies too large to regulate? Should we break them up? Where do we go from here? Catch up on ProMarket‘s coverage on the political power of Big Tech.

There Are Lots of Competition Problems on the Internet. Parler’s Takedown Is Not One of Them.

Parler’s antitrust case against Amazon is doomed, and there is no basis for Congress to impose any special duties on Amazon to...

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it...

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...

The Silent Coup

President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...

In November 2020, Joe Biden was elected to be the 46th President of the United States. What will his presidency look like? What issues will his administration tackle? Catch up on ProMarket's coverage of the Biden presidency.

Systemic Corruption in America Spans Political Parties

In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how...

Income-Driven Repayment Provides a Way to Offer Student Loan Forgiveness to Those Who Need It the Most

Direct loan cancellation is not the only policy option to lower student debt. If policymakers want more targeted loan forgiveness, aimed at lower income...

Angus Deaton: “There’s Something Clearly Wrong With Our Corporate System, in Which Pharmaceutical Companies Are Allowed to Kill People for Money”

In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton outlined what he believes the incoming Biden administration should do: introduce price...

What Should the Biden Administration’s Antitrust Agenda Look Like? A Roundtable

How will US antitrust policy look under President Joe Biden? We caught up with four antitrust experts—Jonathan Baker, Zephyr Teachout, William Kovacic,...

Is There a Problem with Competition?

A Stigler Center webinar explores instances where competition turns toxic, whether antitrust policy needs reform, and potential paths forward. Is there such a thing as too much competition? Can competition turn toxic? These are the topics explored in a 2020 book by Ariel Ezrachi and Maurice Stucke, Competition Overdose. “We do not challenge the benefits of competition as such. We all understand the basics competition is extremely beneficial. It improves...

Should Antitrust Promote Political Liberty? A Stigler Center Webinar Features Fukuyama, McCarty, Teachout, and Nylen

A Stigler Center panel explores the challenges of designing an antitrust enforcement regime that could contend with the political power of corporate monopolies. Should antitrust be designed to promote...

Lessons from Latin America on Fighting Corruption — a Webinar

A wave of anti-corruption efforts has swept Latin America in the last few years, leading to high-profile convictions but also facing pushback from certain quarters, amid criticism of potential rule of law violations. 

Congress Can Move Now to Stop Amazon’s Cloning Factory. Here’s How

If there was any doubt that online marketplaces should be considered a separate market before the coronavirus wiped out brick-and-mortar retail,...

COLUMNS

GameStop, the Cantillon Effect, and America’s Corrupt Financial Plumbing

The GameStop frenzy, far from a morality tale of the people showing up Wall Street elites, should show that something is seriously...

How Should We Finance Higher Education If Not Through Student Debt? A New Capitalisn’t Episode

In a new episode of Capitalisn’t, Luigi Zingales and Bethany McLean take a look at the student debt crisis: How did we...

Bethany McLean’s Weekend Reading List: Nursing Homes, the World’s Largest Pension Fund, and Our Make-Believe Economy

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

Bethany McLean’s Weekend Reading List: Wirecard, Women in the Workplace, and Social Safety Nets

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.