Subject: Markets don't work for everything
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 11 Aug 2017 05:02:45 -0400 (EDT)

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}A daily digest of opinions and analysisControversial Opinion Alert: Markets Have Their LimitsLove. Honor. Internal organs. Some things you just can’t buy (though libertarians are working on that). Everyone knows the moral case against free-market fundamentalism, but Noah Smith makes a strong economic argument against it, too. Amazon Could Probably Conquer Drugstores, TooIf CVS isn’t careful, it could become the next Borders. (Remember Borders?) The Seattle-based tech giant is eyeing a move into the pharmacy market, and Megan McArdle says it could very well disrupt another industry. Bank Regulators Need to Get IdiosyncraticGovernments have a one-size-fits-all approach to distressed banks, but recent research suggests “idiosyncratic risk” (read: management decisions) is a major problem. Leonid Bershidsky says distressed banks and regulators alike would benefit from a more personal touch. The Bloom Is Off the Javanka RoseRemember when Jared and Ivanka were going to bring polish and glamour to the White House? Boy, that didn’t last long. Al Hunt takes stock of the impressive list of policy failures and ethical embarrassments the young couple has swiftly racked up. Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsEvery big trend has unintended side effects (Abnormal Returns)This is how many fund managers actually beat index funds (MarketWatch)What could possibly ruin traders’ summer vacations? (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyTax-saving mergers go from hot to notOPEC could use a good (but not great) weekInternet TV choice is wonderful but also awful(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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