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The Role of the State

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...
Antitrust and Competition

The Populist Right Has a Plan to Take Power Away From Financiers and Challenge China

Matt Stoller
The nationalist rhetoric of the Trump administration can obscure a more sophisticated recognition by some people in the populist world that the core dynamic...
Antitrust and Competition

Zoom, Netflix, Slack: Amazon Is Behind All the Services We Use to Work From Home (and That’s a Problem)

Daniel A. Hanley
The new normal for millions of people represents a near-total dependence on Amazon’s cloud-computing operation, Amazon Web Services (AWS), and places a substantial portion...
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...
Antitrust and Competition

America’s Concentration Problem: a Webinar With Thomas Philippon, Chad Syverson, and Guy Rolnik

ProMarket writers
Watch a Stigler Center webinar with NYU professor Thomas Philippon and Chicago Booth professor Chad Syverson on Philippon’s new book, The Great Reversal: How...
Antitrust and Competition

The Danger of No Antitrust Enforcement: How a Merger Led to the US Ventilator Shortage

Matt Stoller
In order to enhance its market power, a large medical device manufacturer and distributor named Covidien bought up the small and competitive Newport Medical...
Antitrust and Competition

Why Amazon Is Poised to Emerge from the Covid-19 Crisis Stronger Than Ever

Shaoul Sussman
So far, Amazon has reacted to the coronavirus outbreak with restrictions designed to cement its market power at the expense of merchants and consumers. Amazon...
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.