In a special interview with ProMarket, former New York governor Eliot Spitzer talks about financial regulation, regulatory capture, and antitrust. Part 1 of 2.
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How Biology Explains Back-Scratching Between Wall Street and Government
The revolving door of government and business explained in the lab.
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How Market Power Leads to Corporate Political Influence
Neoclassical economic theory assumes that firms have no power to influence the rules of the game. A new paper by Luigi Zingales argues: This is true only in competitive product markets. When firms have market power, they will seek and obtain political influence and vice versa.
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Spoiled Meat Scandal Reveals the Influence of Business and Media on Brazil’s Politics
The recently-released secret taping of a conversation between Brazil’s president Michel Temer and one of the country’s most prominent businessmen reveals the extent to which big business influences politics and the judiciary in Brazil.
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Does Whistleblowing Work?
Whistleblower reward laws work, and they work remarkably well. Congress, the executive branch of government, and the business community should enact, support, and nurture strong whistleblower reward programs.
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Experts: Financial Rewards and Protections Are the Best Way to Incentivize Whistleblowers
Stephen Kohn, executive director of the National Whistleblower Center: “If your white-collar crime detection program is based on nice people having high moral values, corruption will flourish.”
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Nobel Laureates: Eliminating Rent Seeking and Tougher Antitrust Enforcement Are Critical to Reducing Inequality
Angus Deaton: “A lot of the inequality in the U.S. comes from rent seeking. It comes from firms and industry seeking special protection or special favors from the government.”
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Can Corruption Explain the Success of Donald Trump?
“Identity politics” perceived as favoritism may be the explanation for why Trump’s strategy of accusing the political elite and Hillary Clinton of corruption paid off so well among the white working class.
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Is China Succeeding in the War Against Corruption? Q&A with Bernard Yeung
In the past four years, China has been waging the biggest anticorruption campaign in its modern history. Is it working?
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ProMarket Interview: Bo Rothstein on the Role of Government in Market Economies
Bo Rothstein, one of the most influential political scientists in the world today, explains how countries can become less corrupt, and why the Nordic model is successful. The first of a two-part interview.
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Alan Rusbridger: “The Level of Scrutiny That the Press Would Apply to its Own Failures is Minimal”
ProMarket interview: Alan Rusbridger, former editor-in-chief of The Guardian, on media capture.
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ProMarket Graph: Is There a Correlation Between Perception Measures and Reported Levels of Corruption?
New graph compares corruption perception indexes with reported cases of corruption.
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