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140a. Political economy pt. I: The Social Order of the Underworld

Education Bookcast

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The Community Responsibility System

Organized crime forms when newly established property rights have no effective state-based mechanisms to secure them. These things tend to start up because of a lack of protections of property rights and they provide those protections for a fee. Then you end up getting lots of people brought into this system where where violence is is their modus operandi.

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