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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)

Commentary

How Abundance Echoes the DOGE Narrative

Dylan Gyauch-Lewis
The abundance movement, which seeks to lift the burden of inefficient regulation off the private sector to unleash equitable growth, has become the policy platform for many liberals. Dylan Gyauch-Lewis argues that the movement fails to account for the costs of externalities that many of the regulations it derides seek to address.
Commentary

Dismantling Transnational Anti-Corruption Framework Is Dangerous and Costly

Gary Kalman
Gary Kalman writes that actions under the second Trump administration to dismantle recent anti-corruption initiatives, including those pioneered during the first Trump administration, will cost dearly the American and global economy and enable many of the nefarious actors President Trump has publicly admonished.
Commentary

Is Cryptocurrency a Racket?

Jed S. Rakoff
Judge Jed S. Rakoff of the United States District Court for the Southern District of New York reflects on the history of cryptocurrency and his experience adjudicating criminal cases involving it.
Antitrust and Competition

Google Search’s Exclusivity Payments Must Be Capped

Fiona Scott Morton
Judge Amit Mehta will shortly provide his remedy to Google’s monopoly in internet search. Fiona Scott Morton and Paul Heidhues argue that the remedy must include a cap on Google’s payments to the mobile phone manufacturers, carriers, and web browsers that propelled its monopoly. Because any outright ban risks harming Google’s current partners in the short term, Judge Mehta should consider pursuing a flexible ban that instead limits the revenue these partners can receive from Google in order to encourage market entry and competition.
Antitrust and Competition

European Labor Antitrust Has Reached a Defining Moment. How Far Will It Go?

Jan Broulík
Jan Broulík writes that the interest and willingness of European competition authorities and courts to intervene in markets to protect labor has made critical strides over the last few months. However, it still has a ways to go to even catch up with its American counterpart.
Antitrust and Competition

Returning Antitrust to the People

Matthew Lucky
Stigler Center Assistant Director Matt Lucky reflects on the comments from his panel on competition advocacy at the 2025 Stigler Center Antitrust and Competition Conference. He weighs the meaning and possibility for a democratically legitimate antitrust and competition policy.
Commentary

Financial Regulators Must Pursue a Multidisciplinary Approach to New Technology

Claudia Biancotti
Crypto assets and social media are changing how finance operates. Uncertainty around the future of AI is affecting financial markets. Claudia Biancotti argues that regulators must expand their range of expertise and pursue a multidisciplinary approach to protecting society against the potential negative spillovers from these developments.
Commentary

The House Budget Bill Is One Big Beautiful Boon for Code Cartels

Meher Sethi
Meher Sethi argues that a little-noticed provision in the federal budget recently passed by the House will gut state laws protecting consumers from algorithmic price-fixing.
Commentary

Brazil’s Efforts To Address Election Disinformation Illustrate the Difficulties of Protecting the Marketplace of Ideas

Caio Mario da Silva Pereira Neto
Caio Mario S. Pereira Neto reflects on the discussions at the Stigler Center’s 2025 Antitrust and Competition Conference and addresses the problems that confront Brazil’s courts as they navigate the tradeoffs between removing disinformation that threatens electoral integrity and observing constitutional protections for freedom of expression.
Antitrust and Competition

Telecommunications Markets Are Consolidating Again. Americans Should Look to the Public Option

Sean Gonsalves
In recent weeks, a spate of mergers has been announced in telecommunications markets. The activity endangers Americans’ access to affordable and reliable internet services. Rather than continue to depend on private companies to provide essential internet services, cities should look to the many communities that have provided significantly lower-cost and higher-quality public internet connectivity, writes Sean Gonsalves. 
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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.