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OpenMarket: Business and Government

  • VIDEO: Trade Is Not a Four-Letter Word

    February 28, 2020
    Former Export-Import Bank Chairman Fred Hochberg recently made an appearance at the American Enterprise Institute to promote his new book, Trade Is Not a Four Letter Word: How Six Everyday Products Make the Case for Trade. Readers who are familiar with CEI’s position on Ex-Im will know we are not fans of its operations (or existence), but we are fans of international trade, so we were eager to hear what Hochberg had to say. Hochberg made a case for the advantages of open trade, using six different products to tell his story.
  • Two Cheers for Nikki Haley's Defense of Capitalism

    February 27, 2020
    Former U.S. ambassador to the United Nations Nikki Haley has written a bold and, for the most part, very good op-ed on the future of capitalism for The Wall Street Journal.
  • "Scientocracy" Highlights Problematic Incentives in Government Research

    February 25, 2020
    Yesterday CEI put on an excellent event on science policy on Capitol Hill on the new book Scientocracy: The Tangled Web of Public Science and Public Policy. The quick take is that government-funded and government-endorsed science is subject to at least as many problematic and confounding issues as any research funded by a profit-seeking corporation. The argument is not that science isn’t important enough for the government to become involved, it’s that it is too important to let the perverse incentives of political control hold it back.
  • New Analysis on Tax and Regulatory Issues for Carsharing Companies

    February 21, 2020
    Our friend and Tech Policy Podcast host Ash Kazaryan recently recorded a fascinating interview with Reason Foundation Policy Analyst Spence Purnell on how Florida (and some other states) are regulating platform economy firms, in particular carsharing services like Turo.
  • Sustainability Disclosures, Meant to Protect, Could Create Additional Risk for Investors

    February 21, 2020
    The Sustainability Accounting Standards Board (SASB) claims that it focuses on issues that are “financially material” to the companies they are assessing. But materiality is in the eye of the beholder. Critics of the SASB would say that very few, if any, investors actually care about many of the detailed sustainability topics that companies are supposed to provide disclosures on. Instead, many of the topics line up better with the agendas of left-wing advocacy groups who are hostile to market economies in general.
  • Exploring History of Black Entrepreneurs

    February 20, 2020
    Madam C.J. Walker founded and built a company specializing in hair care products that eventually made her a millionaire and international celebrity. Her army of mostly female sales representatives covered the United States and Caribbean and Latin American territories decades before Mary Kay distributors started driving their pink Cadillacs on American highways.
  • Amazon Documentary Shows How Consumers Benefit

    February 19, 2020
    PBS’s Frontline aired its documentary, “Amazon Empire: The Rise and Reign of Jeff Bezos,” last night. While the tone of the piece was markedly suspicious, it didn’t offer up any new information to indicate antitrust concerns against the online retailer have any merit.
  • VIDEO: Assessing Frédéric Bastiat’s Legacy

    February 14, 2020
    A new a three-part video series from the American Institute for Economic Research on Frédéric Bastiat's life and legacy is an excellent introduction to the famous Frenchman’s thought.
  • Antitrust Enforcement in 4-D

    February 13, 2020
    Competition is an ongoing discovery process. The reason firms exist is not to enable or restrict competition. It is to reduce transaction costs. There is no magic number of firms that accomplishes that goal.
  • Trump Administration Expected to Adopt Socialized Medicine Drug Pricing Control Scheme

    February 3, 2020
    Regardless of the outcome of the Iowa Caucuses on Monday night, the successive presidential campaigns of Democratic Socialist Senator Bernie Sanders (I-VT) have dragged the Overton window far left on issues such as health care to the point that virtually every leading Democratic candidate now favors some form of Medicare for all. As a result, the general election in 2020 is shaping up to be a referendum on socialized medicine in America. 

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