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OpenMarket: Business and Government

  • 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. 
  • NBC/WSJ Poll: "Socialism" Not So Popular After All

    February 3, 2020
    NBC News and The Wall Street Journal just released a new poll that finds capitalism isn’t underwater with the American public just yet. Registered voters have a generally positive view of capitalism and a generally negative view of socialism. The results are consistent with similar recent polls.
  • Economic Planning and Dead Mall Legends

    January 31, 2020
    The kind of American chain stores and retail formats that dominated the second half of the 20th century have fallen on hard times in the 21st, and commentary on this dislocating trend has become a cottage industry. Our friends at Learn Liberty recently weighed in on the debate with a video titled “Dead Malls, Explained.”
  • Are the Climate and Capitalism at War?

    January 27, 2020
    Many contemporary environmentalists share two important beliefs: a) that anthropogenic climate change is the biggest threat to the future of humanity and b) that a profit-based economic system is the biggest barrier to addressing that problem. A new short documentary from Reason TV makes the opposite case, arguing that accelerating economic growth and advances in technology are the best strategy for mediating the impact of both the planet’s growing human population and the future dislocations climate change will present us with.
  • Dog Bites Man in Davos

    January 24, 2020
    J.P. Morgan Chase CEO Jamie Dimon recently said that “most state-owned enterprises don’t do a particularly good job.” The head of the world’s largest bank not being a fan of socialist planning would normally be a dog-bites-man story, but Dimon’s interview nevertheless produced headlines around the world. This story highlights how risk-averse today’s generation of business leaders have become when it comes to making a certain “political” comments.
  • How Antitrust Intervention Backfires

    January 22, 2020
    Antitrust policy interventions into the market rarely work as intended.
  • Proposed iHeart Media Acquisition Threatened by Antitrust Regulation

    January 3, 2020
    The Wall Street Journal recently reported that Liberty Media Corp, which already owns Sirius XM satellite radio, including its Pandora streaming service, and 33% of concert promotion giant Live Nation Entertainment, wants permission from the US Department of Justice to purchase a controlling stake in iHeart Media Inc. 

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