Critics have argued in recent years that financial counterterrorism is costly and ineffective. But a new Stigler Center working paper shows that it can reduce terrorist attacks and casualties.
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How Reforming Antitrust Can Restore a Competitive Economy
For decades, competition in America has been on the wane, leading to slower economic growth and a gaping chasm of inequality. Antitrust can help reverse the trend, but antitrust doctrines and enforcement actions once thought adequate are proving insufficient. Fixing the problem is urgent.
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How Antitrust Became Mainstream, Part 3: The Antimonopoly Political Revolution
In this third and final part of his three-part series on the resurgence of antimonopoly, Matt Stoller explains how the election of Donald Trump helped bring antimonopoly thinking back to the forefront of the political discourse.
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How Antimonopoly Was Revitalized, Part 2: Barack Obama and the End of the End of History
In this second installment of his three-part series on antitrust’s recent resurrection, Matt Stoller discusses the legacy of Obama’s presidency. The real policy for which Obama will be known is not Obamacare or Dodd-Frank, but bailing out the banks after the 2008 financial crisis and helping Americans and the rest of the world understand that liberal democratic rhetoric was really an ornamental cover for a system of concentrated financial and political power.
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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.
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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 continue to grow steadily. There is a real prospect that index funds will continue to grow, and that voting in most significant public companies will come to be dominated by the future “Giant Three,” write Lucian Bebchuk and Scott Hirst.
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How Offshoring by Multinational Corporations Contributed to the Decline of US Manufacturing
The offshoring activities of multinational firms explain about one-third of the aggregate decline in US manufacturing employment, according to a new study.
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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 that can curb disinformation without infringing on user privacy.
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The News About Antitrust’s Impending Resurgence Has Been Greatly Exaggerated
The federal antitrust agencies don’t appear to be serious about their recent Big Tech push. And given that the Supreme Court and federal judiciary are firmly in conservative hands, it doesn’t matter—antitrust enforcement won’t come back so soon.
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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 regulatory solutions.
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Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat
At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the system that allows it. “As it is, capitalism is not delivering to large fractions of the population.”
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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 argued we should wait for evidence of causal mechanisms before acting on empirical evidence that smoking causes cancer.
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