Catherine Sharkey’s “Punitive Damages as Societal Damages” addresses a tension that has been obvious for decades, but usually treated as an annoyance: punitive damages are justified in public-regarding terms—punishment, deterrence, …
Category:
Economy
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There’s a popular argument that AI will do to human workers what tractors did to horses. Tractors could do what horses did. Horses became obsolete. AI can do what humans …
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A lawsuit over infinite scroll sounds, at first blush, like a fight over product design. Make the app less sticky. Stop nudging teens to keep scrolling. Turn down the algorithmic …
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In a recent Substack essay, “The progress movement needs a better theory of progress,” Brink Lindsey argues that the progress movement has settled for too thin a vision. It focuses …
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Spirit Airlines built its brand on the promise that flying could be miserable, but cheap. Its reported shutdown and liquidation now poses a less cheerful question for antitrust: What if …
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A drug manufacturer’s research pipeline is many things: a bet on science, a bet on regulators, a bet on patents, and a very expensive bet against failure. What it has …
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Big mergers are back in fashion. So are “national champions,” industrial-policy wish lists, and solemn warnings that antitrust enforcement may leave the West defenseless against foreign rivals. In Washington, Brussels, …
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A subsidy program can survive many things. Paying benefits to the dead should not be one of them. That is the problem now facing the Federal Communications Commission’s (FCC) Lifeline …
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Spirit Airlines was supposed to be the “maverick” antitrust saved from JetBlue. Instead, the deal died, Spirit followed it into bankruptcy, and the maverick exited the market altogether. That is …
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The trick in AI policy is not deciding whether artificial intelligence is risky. Of course it is. So are electricity, aviation, pharmaceuticals, and teenagers with driver’s licenses. The harder question …