Christina M. Sautter writes that the passage of Senate Bill 21, which rebalances power away from shareholders to corporate management, represents a 150-year-long development in corporate law spurred by regulatory capture that has removed countless restrictions on firm behavior.| ProMarket
Big Tech’s monopoly over online discourse threatens democracy. “Middleware” promises a path forward by adding competitive, customizable layers of recommendation algorithms. But can middleware decentralize social media without falling prey to old monopolistic patterns? In new research, Madhavi Singh argues that without targeted regulatory guardrails—including mandatory API access, structural separation, and stakeholder empowerment—even middleware could […]| ProMarket
ProMarket is the publication of the George J. Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business. ProMarket is an academic forum focused on topics of special interest capture, antitrust, political economy, and the future of capitalism. Economists have become increasingly technical and specialized, […]| ProMarket
Recent E.U. regulatory decisions cross the line from market correction to property theft; if the E.U. continues down this path they are likely to see fewer new features and no new companies.| Stratechery by Ben Thompson