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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Antitrust and Competition

The FTC’s Continued Focus on Labor Will Fail Without a Whole-of-Government Approach

Randy Kim
The Federal Trade Commission under Chair Andrew Ferguson has surprised many by continuing its predecessor’s emphasis on protecting labor markets. Randy Kim writes that while this is a welcome development, it will do little to help workers if President Donald Trump does not also continue his predecessor’s whole-of-government approach. Early indications suggest he will not.
Antitrust and Competition

Would Content Collusion Among Social Media Companies Be Such a Bad thing?

Mark MacCarthy
Mark MacCarthy writes that the case law supports Federal Trade Commission Chair Andrew Ferguson’s charge that collaboration by social media companies on content moderation practices would be anticompetitive collusion. However, the author argues that open and transparent cooperation might actually benefit a troubled internet, and Congress should consider carving out a content-neutral antitrust exemption for platforms in the way it has in the past for broadcast networks.
Antitrust and Competition

Antitrust from Trump to Biden to Trump

Eric A. Posner
The new Trump administration’s antitrust leaders are unexpectedly maintaining the Biden administration’s enforcement priorities, including the 2023 Merger Guidelines. Eric Posner explains why this...
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,...
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...
Commentary

ProMarket is the Place for Debate

Brooke Fox
Brooke Fox writes about ProMarket as a digital space where intellectual debate can take place without the influence of special interests. Who should control the...
Antitrust and Competition

Concentration in Social Media Undermines Product Design Quality and User Experience

Alissa Cooper
Alissa Cooper and Zander Arnao argue that a lack of competition in social media has allowed dominant platforms to design algorithms to maximize for...
Antitrust and Competition

Pluralism in Media Markets Is About Democracy, Not Economics

Maciej Bernatt
Media pluralism is a core democratic value in Europe. Upholding it requires that media concentration is scrutinized beyond its impact on competition in the traditional economic formulation. By addressing the challenges posed by dominant media players and fostering a diverse information ecosystem, Europe aims to uphold media plurality as a democratic value and ensure that citizens can engage in informed decision-making. From this angle, the European approach to protecting media pluralism might offer an interesting comparative  perspective for the United States debate, write Maciej Bernatt and Marta Sznajder.
Commentary

The Real Target of Trump’s Crypto Strategy is the Federal Reserve

Ignazio Angeloni
The United States President has halted plans for a central bank digital currency: a mere show of strength to undermine the Fed’s independence, writes...
Antitrust and Competition

How To Enforce the Robinson-Patman Act Under a Raising Rivals’ Cost Approach

Steven Salop
Steven Salop explores the presumptions and evidence that could undergird Commissioner Melissa Holyoak’s preferred “Raising Rivals’ Cost” approach to the enforcement of the Robinson-Patman Act.
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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.