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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

Senator Klobuchar’s Antitrust Bill Doesn’t Go Far Enough

Eric A. Posner
Senator Klobuchar’s bill includes many useful proposals to bolster antitrust enforcement, but the antitrust laws have been so weakened by the courts and by...
Commentary

Why We Need to Stop Relying On Patents to Measure Innovation

Gary N. Smith
Patent databases may be a smoke screen that hides the true issues, problems, and dynamics of innovation behind the illusion that innovation is booming—and...
Antitrust and Competition

The Irony in Senator Klobuchar’s Antitrust Bill

Thomas A. Lambert
The antitrust reform bill recently proposed by Senator Amy Klobuchar (D-MN) purports to fix problems caused by antitrust courts’ reliance on “inaccurate economic assumptions.”...
Antitrust and Competition

Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It

John Newman
The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement efforts.   The...
Antitrust and Competition

Forcing Interoperability on Tech Platforms Would Be Difficult to Do

Randy Picker
Governments around the world seem to be on a path to turn the leading tech firms into public utilities. Interoperability is likely to be...
Antitrust and Competition

Paltry Poultry Settlements and a Paralyzed Public Interest Protection

Peter Carstensen
A series of class-action antitrust cases involving poultry, pork, and turkey processors have been settled before a trial could take place. However, these litigations...
Commentary

European Union’s Plan to Protect Whistleblowers Continues to Face Obstacles

Dimitrios Kafteranis
A little over a year ago, the EU adopted the Directive on the protection of persons who report breaches of Union law, a first-of-its-kind...
Commentary

OpenLux: Why the Era of Financial Secrecy Needs to End

José Antonio Ocampo
The #OpenLux investigation underlines that, despite undeniable progress in terms of transparency, there is still considerable work to be done in the fight against...
Antitrust and Competition

What the Biden DOJ Can Learn From the Clinton and Obama Years on How to Tackle America’s Monopoly Problem 

Allen Grunes
The Clinton DOJ attacked international cartels. The Obama DOJ prioritized merger enforcement. The Biden DOJ needs to focus on America’s monopoly problem. Antitrust is like...
Antitrust and Competition

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

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