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Reversing the “Resource Curse” with Foreign Corruption Regulation

Thomas Rauter
Anti-corruption regulation originating in developed countries is effective in changing corporate behavior and has a positive economic impact on developing countries. Countries with large natural-resource endowments are often...
Covid-19

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

John M. Barrios
By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome regardless of...
News

It is Not Just Small Investors Who Will Be Silenced Thanks to SEC’s New Rules

Yaron Nili
Shareholder proposals are one of the most effective forms of shareholder voice in corporate America. It is one of the main channels through which...
News

Seven Reasons Why the Wirecard Fraud Matters

Karthik Ramanna
We now know that Wirecard was a massive fraud. The company—treated like a rock star by regulators and key players in finance—fabricated customers, invented...
Regulatory Capture

The Wirecard Saga: Germany’s Enron Moment?

ProMarket writers
How did Wirecard go from a “rockstar” to a company that fabricates customers, invents profits, and expropriates investors’ capital? Watch a Stigler Center webinar...
Antitrust and Competition

“Amazon Is Getting Richer by the Moment —But There’s a Limit to How Many People Jeff Bezos Can Buy”

Asher Schechter
In an interview with ProMarket, Barry Lynn discusses the current state of American antimonopoly, what the Covid-19 crisis has taught us about the fragility...
Antitrust and Competition

Government Regulation is the Pro-Market Solution

Steven K. Vogel
The Covid-19 pandemic has utterly discredited the false dichotomy of government vs. markets. Extensive government regulation is a prerequisite for the proper functioning of...
News

ICIJ’s FinCEN Files Expose How Banks Turn a Blind Eye to Suspicious Transactions

Gloria Riva
A 16-months long investigation identified more than $2 trillion in transactions that were flagged as possible money laundering or other criminal activity. The records—which...
Money in Politics

There Is a Direct Line from Milton Friedman to Donald Trump’s Assault on Democracy

Martin Wolf
Milton Friedman believed that corporations have a social responsibility to play within the rules of the game. But corporations aren’t just players of the...
Antitrust and Competition

What the US Economy Could Look Like if Digital Markets Were Open and Competitive

Sally Hubbard
The US House of Representatives' investigation into digital platforms has opened Americans' eyes to the widespread harms that flow from the illegal monopolization of...
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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.