2min chapter

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539. Why Does One Tiny State Set the Rules for Everyone?

Freakonomics Radio

CHAPTER

The Delaware Franchise: A History of Democracy

Delaware has effectively bypassed democratic oversight. It's set the rules that enable corporate anonymity and unlimited interest rates on credit cards. Joe Biden did not create the franchise or the Delaware way, but he's very much a creature of that system. His main donors were all big law firms that benefit from the system.

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