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Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality?
“Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

Commentary

What Happens When Billionaires Control the News You Read

Utsav Gandhi
Utsav Gandhi explores how billionaire media owners, from Musk to Bezos, are influencing newsrooms, altering editorial policies, and reshaping the future of press freedom...
Commentary

Teaching Bezos a Lesson in Free Markets

Luigi Zingales
Luigi Zingales invites guest contributors to the Washington Post’s op-ed pages to boycott the opinion section in response to the recent decision by the...
Commentary

ProMarket is the Place for Debate

Brooke Fox
Brooke Fox writes about ProMarket as a digital space where intellectual debate can take place without the influence of special interests. Who should control the...
Antitrust and Competition

The UK’s Path to Sustainable Journalism in the Marketplace of Ideas

Ula Furgal
Ula Furgal and Magali Eben review the United Kingdom’s efforts to address the lopsided balance of power between traditional news media and digital platforms,...
Book Excerpts

Influencers Work in Opacity and Need Professional Organization

Emily Hund
Excerpted from THE INFLUENCER INDUSTRY: The Quest for Authenticity on Social Media © 2023 by Emily Hund. Reprinted by permission of Princeton University Press.
Antitrust and Competition

How Monopolies are Making TV Worse

G. Vaughn Joy
In the 1990s, a host of antitrust rules impacting the television industry were repealed. Today’s streaming giants are exploiting the rollback and vertically integrating, a trend that will reduce the quality of TV shows and send us back to the era of network giants.
Antitrust and Competition

The Dangers of Google’s Search Trial Secrecy

Erin Carroll
Erin Carroll writes that the lack of public access to the Google search antitrust trial has resulted in unprecedented secrecy which, she writes, could undermine the public’s trust in the outcome and start a dangerous trend amongst other Big Tech companies facing similar trials. 
Big Tech

How Big Tech Uses Net Neutrality To Subvert Competition

Roslyn Layton
A decade of evidence suggests that Open Internet policies have delivered the opposite effect.
Book Excerpts

How Financial Experts Convince You That They’re the Experts

Alex Preda
In The Spectacle of Expertise: Why Financial Analysts Perform in the Media, Alex Preda explores how financial analysts produce their advice and convince audiences...
Commentary

What Are The Media For?

Surya Gowda
In response to ProMarket's debate about the Twitter Files and the roles of social media and traditional media, Surya Gowda argues that a more...
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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.