type here...

Regulatory Capture

When regulation protects narrow interests – usually the interests of the incumbent industry – at the expense of the public interest. Capture occurs in various ways: from straightforward bribes and threats, to more implicit quid pro quos such as the lucrative future employment (revolving door), to softer forms of cognitive/cultural capture.
“… as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.” George Stigler – The Theory of Economic Regulation (1971)

Covid-19

How to Save 40 percent of the Payroll Protection Program’s Costs

Joost Sijthoff
Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
Antitrust and Competition

The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model

Matt Stoller
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...
Covid-19

In Chile, It Is Always the Banks That Decide the Direction of Politics

Daniel Matamala
Chile's government announced it would deliver $24 billion in state-guaranteed loans through the financial system to save companies at risk of bankruptcy due to the...
Antitrust and Competition

Too Big to Jail: How Powerful Korean Executives Escape Indictment or Conviction

Sangin Park
The failures to hold the founding families of Korean conglomerates accountable for crimes undermined the rule of law and the corporation system, which are...
Antitrust and Competition

The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t

Matt Stoller
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
Antitrust and Competition

“Democracy Is Influenced by Lobbyists, That’s Why the People Also Need Someone to Lobby for Them”

Stefano Feltri
“Individuals usually don’t have enough incentive to take action, even though it is clear they will be collectively better off by taking action.” In...
Covid-19

MBA Students Against Corporate America: “Stop Lobbying the White House on the Defense Production Act”

Stefano Feltri
Since the virus outbreak, the US Chamber of Commerce has lobbied the federal government to limit the use of a piece of legislation that...
Antitrust and Competition

How Private Equity Companies Are Lobbying to Profit from The Covid-19 Economic Fallout

Matt Stoller
Private equity funds aren’t just seeking to save the investments they already have, but to get access to more capital to invest in a...
Covid-19

Is Regulation Jeopardizing Policy Response to Coronavirus Crisis? Sendhil Mullainathan and Richard Thaler Collect Red-tape Stories

ProMarket writers
Two of the most well-known University of Chicago economists launched a website to collect examples of regulations that are limiting the United States' reaction to...
Covid-19

“The Way Insurance Companies Have Rigged Our Health Care System, They’re Probably Going to Emerge as Financial Winners from This”

Asher Schechter
Author and former health insurance executive Wendell Potter explains to ProMarket why the employer-based health care system in the US is “collapsing” and why health...
1...91011...31Page 10 of 31

Latest news

View All

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.