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The Equitable Economy

Covid-19

How the Covid-19 Pandemic Will Affect Four Types of Labor

Branko Milanovic
A tremendous shock like that of the coronavirus totally unbalances new demand for four different types of labor. The category policymakers should be...
Antitrust and Competition

The Stimulus Package Is Too Expensive and Poorly Targeted: The Waste Contained in the CARES Act

Amit Seru
A cost-effective stimulus to mend the effects of a 24 percent drop in GDP would cost no more than $1.3 trillion over a 6-month...
Antitrust and Competition

America’s Broken Health Care System Is the Biggest Obstacle to Containing the Coronavirus

Asher Schechter
Over the past few weeks, it has become abundantly clear that the US health care system is uniquely ill-equipped to deal with a crisis...
Commentary

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Ralph S.J. Koijen 
Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...
ESG, Corporate Governance & Future of the Firm

“Monetary Awards Are Not the Only Reason Why Whistleblowers Report Corporate Malpractice”

Stefano Feltri
At the SEC, Jordan Thomas had a leadership role in developing the program to protect and reward employees who report corporate wrongdoing. Now, he is...
Antitrust and Competition

Elon Musk Wants to Get Paid. He Will Get His 2019 Bonus Thanks to an Accounting Magic

Francine McKenna
In March 2018, Tesla’s Board of Directors granted Musk a potential bonus of 20,264,042 stock option awards under a  plan that uses “adjusted EBITDA” as one...
Antitrust and Competition

How US Regulators Allowed Google and Facebook to Become Dominant

Filippo Lancieri
The UK's Competition and Markets Authority recently criticized Google and Facebook's excessive market power. American regulators, on the other hand, have allowed them to consolidate...
Covid-19

Populism Weakened the Immune System of Our Democracies. Chile Is an Example

Daniel Matamala
Modern societies have developed immune systems to deal with epidemics: international cooperation, social cohesion, universal health care systems. But today we face the greatest...
Antitrust and Competition

Keeping Business Alive During the Coronavirus Crisis: Government as Buyer of Last Resort

Emmanuel Saez
The government has to compensate businesses and workers for their losses so that each business can re-emerge almost intact after the hibernation due to...
Income Inequality

American Oligarch: Michael Bloomberg Reveals His One Remaining Path to the Democratic Nomination

Asher Schechter
Michael Bloomberg's only real path to the nomination was always a contested convention, where he could be able to further leverage his wealth and...
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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.