After the second Trump administration initially appeared to maintain significant continuity in antitrust enforcement, the president more recently thrust the agencies into turmoil. Those later actions create troubling risks to the economy and the rule of law, writes Jonathan B. Baker.
Alan D. Jagolinzer and Jacob N. Shapiro write that the new Trump administration’s efforts to improve government efficiency through the cancellation of contracts and other promises will inevitably raise costs as businesses and investors demand a risk premium to account for lost trust.
The Federal Trade Commission under Chair Andrew Ferguson has surprised many by continuing its predecessor’s emphasis on protecting labor markets. Randy Kim writes that while this is a welcome development, it will do little to help workers if President Donald Trump does not also continue his predecessor’s whole-of-government approach. Early indications suggest he will not.
Sarah Haan writes that to understand American authoritarianism, it’s less useful to analyze the strategies of elected dictators around the globe than to look at how corporate leaders in the United States have rigged corporate democracy.