The Role of the State

Why Antimonopoly Awoke From Its Slumber, Part 1: The Clinton Era’s Failed Utopia

In the first part of a three-part series, Matt Stoller explains why antimonopoly politics is experiencing a resurgence. There are two basic components to...

Towards the Giant Three: The Rise and Rise of the Big Three Index Funds

The Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors—hold a significant proportion of the stock of US public companies, and they...

We Need to Deal With WhatsApp's Misinformation Problem

A peculiar feature of WhatsApp groups has made the spread of misinformation much easier. We need better design guidelines for platforms like WhatsApp, ones...

How the Adtech Market Incentivizes Profit-Driven Disinformation

If we want to solve the disinformation crisis, we need to fix the perverse incentives created by the online advertising market through structural and...

Horizontal Shareholding’s Anticompetitive Effects and the Mechanisms That Produce It

Waiting for further proof of causal mechanisms before addressing the anticompetitive harm caused by horizontal shareholding is unjustified, just as it was when people...

Dear Graduates, Here’s What You Can Do to Change Capitalism For the Better

Delivering UChicago’s 532nd Convocation address, Luigi Zingales advised young graduates to embrace their power as consumers, workers, and citizens and fight corporate monopolies. Dear...

Sorry, Mr. Delrahim: Big Tech’s Worst Abuses Can’t Be Cured Without Stiffer Regulation

Simply adding competition in the tech sector won't solve problems like privacy abuses or discrimination. Competition is needed, but regulation is a necessary element...

The Decline of American Journalism Is an Antitrust Problem

Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism...

The Effects of Concentration in the Asset Management Industry on Stock Prices

The asset management industry has become increasingly concentrated in recent decades. Regulators are concerned about the systemic risks this may pose. Using data from...

Algorithms and AI Are Radically Changing Insurance. Regulators Are Behind the Curve

The growing use of artificial intelligence to price insurance could erode basic legal protections built into the law to protect both individuals and the...

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