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Commentary

Delaware’s SB21 Continues 150 Years of Corporate Power and Regulatory Capture

Christina M. Sautter
Christina M. Sautter writes that the passage of Senate Bill 21, which rebalances power away from shareholders to corporate management, represents a 150-year-long development in corporate law spurred by regulatory capture that has removed countless restrictions on firm behavior.
Academic Capture

How Conflicts of Interest Shape Trust in Academic Work

John M. Barrios
In a new NBER working paper, John M. Barrios, Filippo Lancieri, Joshua Levy, Shashank Singh, Tommaso Valletti, and Luigi Zingales explore the impact of...
Commentary

China Is Using Its Market Power To Influence Foreign Policymaking

Audrye Wong
Audrye Wong writes that China is able to use its market power to pressure foreign companies and business leaders—perhaps most notably Tesla CEO Elon Musk—to lobby on its behalf. The practice raises questions about foreign influence in American and European policymaking and the disproportionate clout of business and oligarchic interests.
Book Excerpts

What Is Democracy Beyond Elections?

Natasha Piano
The following is an excerpt from Natasha Piano's new book, Democratic Elitism: The Founding Myth of American Political Science, now out at Harvard University...
Commentary

The Deafening Silence of Big Business in Washington

Wendy Li
Wendy Li writes that business leaders must rediscover past unity and put pressure on politicians to defend against President Donald Trump’s attacks on businesses and civil society and prevent democratic backsliding.
Academic Capture

Transcript: John Ioannidis Keynote

ProMarket writers
The following is a transcript of John Ioannidis's keynote address at the 2025 Stigler Center Antitrust and Competition Conference—Economic Concentration and the Marketplace of Ideas.
Regulatory Capture

For My Enemies, Tariffs; For My Friends, Exemptions

Veljko Fotak
New research from Veljko Fotak, Hye Seung Grace Lee, William Megginson, and Jesus Salas shows that the United States tariff exemption process during the...
Commentary

The False Crisis Pushing Delaware to Surrender Shareholder Rights

Alan Jagolinzer
Delaware lawmakers are being pressured to pass SB 21, a bill that would weaken shareholder protections and reduce judicial oversight of corporations. Alan Jagolinzer,...
Capture

New Research Shows the Revolving Door Costs Taxpayers Billions

Logan Emery
New research by Logan Emery and Mara Faccio systematically maps the movement of former regulators into the private sector and assesses its impact on...
Commentary

Teaching Bezos a Lesson in Free Markets

Luigi Zingales
Luigi Zingales invites guest contributors to the Washington Post’s op-ed pages to boycott the opinion section in response to the recent decision by the...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.