reading

 1. marktwerking

https://www.ft.com/content/f7f76d7c-2d01-4129-b87d-fcc9815e3a77

I was struck, at the annual University of Chicago Stigler Center’s monopoly conference a couple of weeks ago, by barn-burning comments from the head of the Federal Trade Commission, Lina Khan, and Department of Justice antitrust division chief Jonathan Kanter. Both insisted on the need to look beyond consumer welfare, for more than four decades the touchstone of US antitrust law, to “market realities” when thinking about regulatory action. Both made it very clear that they were ready to “take on the big fights,” as Khan put it, and hold not just companies, but individuals, accountable. Referring to Jesse Eisinger’s eponymously titled book on the decline in the DoJ’s willingness to go after corporate wrongdoing, Kanter said: “We aren’t part of the chickenshit club.” Investors, take note.

 

2. ESG

There is far too much groupthink in ESG investing

There is far too much groupthink in ESG investing | Financial Times (ft.com)