With the Court Approval of the T-Mobile/Sprint Merger, the Dominant Doctrine in Antitrust Has Jumped the Shark

New York Judge Victor Marrero allowed two major mobile companies to merge in an already concentrated telecom industry, ensuring that prices will rise and service quality will decrease. His decision destroys Robert Bork’s frame that antitrust law is based on economic evidence, revealing Bork-style antitrust as basically just a ruse.

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Can Google Mobilize Its Users to Lobby Elected Officials?

Google has an 87 percent market share in the search business and the potential to mobilize more voters than the Democratic primaries, according to the latest Chicago Booth/Kellogg School Financial Trust Index Survey. By profiling its users, Google could identify those who are more keen to respond to its “call to action.”

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Why an Antimonopoly Movement Is the Kind of Populism That Chile Needs

President Piñera’s approval rating has reached a record low, not just for the Chilean democracy, but for all of South America. The rise of new populist forces seems inevitable, but a Bolsonaro-style leader or a Venezuela-type catastrophe are not the only possible outcomes. It is time to use competition to reduce the power of the elite that rules Chile not as a country, but as a “country club.”

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How Do Members of Congress React to the Potential of Lucrative Private Sector Employment?

Many fear that the potential for well-paid post-elective jobs can make legislators give rewards to their future employers. A new study finds that career prospects in the private sector do induce legislators to leave office and that US senators become more moderate before they voluntarily leave office through the revolving door. They also become more productive and more aligned with the priorities of special interest groups.   

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Emmanuel Saez: Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate Change Denier”

In an interview with ProMarket ahead of his upcoming Stigler Center visit this week, UC Berkeley economist Emmanuel Saez discussed the impact of the 2017 Trump tax cuts, the disproportionate political power of the super-rich, and whether he agrees with Bernie Sanders that billionaires shouldn’t exist.  

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New Rules on Shareholder Voting Debate: Best Readers’ Comment

The draft SEC regulation on shareholder proposal and proxy advisory firms will curb the initiative of individual shareholders to improve corporate governance and transparency of public firms, a ProMarket reader writes in the comment he sent to the SEC. “Progress on best practices often depends on the initiative of a few.” 

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