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The Equitable Economy

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...
Income Inequality

Inequality Has Increased Far Less Than You Think (If You Consider Social Security Benefits)

Sylvain Catherine
In the United States, Social Security accounts for nearly 60 percent of the total wealth of the bottom 90 percent. Once Social Security is...
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...
Covid-19

Deaths of Despair and Covid-19: a Webinar With Angus Deaton and Luigi Zingales

ProMarket writers
Deaths of despair are a slow disintegration of working-class lives: Will the coronavirus accelerate this process? In a conversion with Luigi Zingales, Nobel laureate...
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...
Covid-19

The World After Covid-19: Inequality Within Rich Countries Will Increase, Globalization Will Reverse, Politics Will Remain Turbulent

Branko Milanovic
The negative effects of the crisis on growth will be very strong. But it will not affect everyone in the same way. If the...
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

“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...
Antitrust and Competition

The Darkest Side of Monopsony: The South Korean Case

Sangin Park
"Chaebols”, large business groups controlled by founder families, are usually considered a crucial ingredient of South Korea's economic miracle. But after a process 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.