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OpenMarket: Business and Government

  • Value of Employee Benefits in Eye of Beholder

    June 5, 2020
    Advocates of “social responsibility” and environmental, social, and governance standards for companies have little interest in their proposed requirements being voluntary, despite frequent protestations to the contrary.
  • "Social Responsibility" Expectations for Business Pivot from Voluntary to Mandatory

    June 3, 2020
    The Financial Times reported that many companies have cut dividends to shareholders because they are struggling with the current economic downturn. But even after we’ve recovered from the current emergency, reporter Billy Nauman writes, “[the] popularity of environmental, social and governance (ESG) investing could mean that dividend cuts extend beyond the downturn.”
  • My Answer to J.K. Rowling on What Cryptocurrency Is

    June 2, 2020
    To paraphrase a famous financial services commercial from the 1970s and 1980s, when J.K. Rowling asks, people answer. When the famed author of the Harry Potter series of books requested an explanation of bitcoin on Twitter in May, hundreds of people raced to reply. On May 17, CEI's John Berlau joined the fray in a tweet thread addressed to Rowling.
  • There Is No Such Thing as "Safe"

    May 29, 2020
    Iain Murray has a great essay up at Law & Liberty today on why some groups of Americans are perceiving quarantine policies so differently from others. The reason is largely because different Americans have different value hierarchies—they prioritize different values when it comes to public policy.
  • Lean on Business Leaders to Defend Markets

    May 22, 2020
    One on the main goals of the Competitive Enterprise Institute’s Center for Advancing Capitalism is for more business leaders to prioritize the defense of the political environment—limited government and a market economy—that makes their own success in business possible.
  • Retro Reviews: Common Sense Political Economy

    May 20, 2020
    ​​​​​​​This review of Philip Henry Wicksteed’s 1910 textbook The Common Sense of Political Economy was originally published at Inertia Wins. Wicksteed was a leading economic writer of his day, but also an intellectual of wide-ranging interests and a Unitarian minister.
  • Time for a Federal Price Gouging Law?

    May 15, 2020
    Amazon’s vice president of public policy calls for a federal price gouging law in a recent post over at Amazon’s in-house blog. This is a bad idea for several reasons. One is that there are already effective ways to reduce price gouging without regulation.
  • A New Approach to COVID-19 Response

    May 14, 2020
    The new coronavirus—SARS-CoV-2, which causes the disease COVID-19—is here to stay until either a vaccine or herd immunity limits the number of people susceptible to transmission. A vaccine is a year or more away. So why do we continue to pursue lockdowns that ensure herd immunity will never develop and the virus will continue to fester?
  • Does Uncle Sam Support Single Moms? The Question of Federal Funds for Strip Clubs

    May 13, 2020
    Should U.S. taxpayer dollars be loaned to strip clubs? What would have sounded like a joke just a few months ago is now a reality thanks to the federal government’s Paycheck Protection Program. And while that may sound like an outrageous misuse of federal funds, the unprecedented crisis caused by the COVID-19 outbreak means the situation may not be as clear cut as that.
  • Retro Review: Irving Kristol's "Two Cheers for Capitalism"

    May 13, 2020
    Long before we began debating the wisdom of neoconservative foreign policy, Irving Kristol was writing about domestic economic policy and the future of capitalism. His 1978 book Two Cheers for Capitalism addresses the issues of the day and makes conservative arguments about how people will be dissatisfied with any society that delivers material prosperity but seems to lack a higher meaning.

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