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The Equitable Economy

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...
Antitrust and Competition

How Regulators and PwC Fooled Reporters—Again

Francine McKenna
Is the PCAOB really investigating PricewaterhouseCoopers (PwC) for its role in the Mattel auditing mess? I may be wrong, but I seriously doubt it....
ESG, Corporate Governance & Future of the Firm

The SEC’s Shareholder Voting Reform Runs Counter to Attempts at Democratizing Corporate America

Ciara Torres-Spelliscy
The SEC should drop its proposed changes or modify them so that they are less onerous and less damaging to the rights of shareholders...
Academic Capture

The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy

Paul Krugman
Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...
Antitrust and Competition

The Amazon of Health Care: How CVS Is Evolving From a Drug Store Chain into a Tech Platform

Matt Stoller
CVS is built on a dominant chain of drug stores, but it is now trying to turn itself into a "uniquely powerful platform" for...
Academic Capture

The World Bank's "Papergate": Censorship Is Not the Best Way to Stop Development Aid From Fueling Corruption

Stefano Feltri
A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore...
Income Inequality

What Is the Meaning of Wealth?

Branko Milanovic
Who's richer, a person who enjoys the comfort of modern services and technologies, or the ancient kings of a millennia ago? Comparing wealth over...
Income Inequality

Why There Is No “Crisis of Capitalism”

Branko Milanovic
Western dissatisfaction with globalization is wrongly diagnosed as dissatisfaction with capitalism, when in fact it is the product of the uneven distribution of the...
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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.