Reposted by Alex Luke
Today, @katharinapistor.bsky.social explains how three features of our private law—private legal empowerment, decentralized access to the centralized means of coercion, and legal arbitrage—allow capitalists to circumvent public regulation.
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Rewriting the Laws of Capitalism
When new constitutional orders came about in the 18th and 19th centuries, they left intact the private legal order that they inherited from feudalism, entrenching property rights and contracts as…