competition

It has become common to blame capitalism for climate change and wealth inequality. However, the premises underlying the debate around the issue are profoundly misguided – the current system is far from aligned with free-market prescriptions. But despite their skewed view of reality, advocates of government intervention are likely to ...

Blockchain has the potential to revolutionize public administration by fostering efficiency, transparency and automation. There are limits to the technology, but currently the main roadblocks are of a legal and organizational nature. Some governments have already started removing such hurdles or teamed up with technology providers to build innovative solutions.

Blockchain could considerably lighten the administrative load of the maritime transport industry, in addition to preventing devastating cyberattacks. However, companies are hesitant to adopt the technology because of the legal uncertainty that surrounds it. The current lack of comprehensive regulations is perceived as a security liability, but there are also ...

It is unusual when CEOs purport to define their companies’ overarching objectives – that’s the shareholders’ job. Things become even curiouser when top managers team up with an international bureaucracy to call for the imposition of tighter environmental standards on business. Look for mundane motives, like sending out a profit warning ...