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

Freakonomics Radio

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Delaware's Corporate Legal Landscape

This chapter examines Delaware's unique legal framework, particularly its General Corporation Law, which attracts both legitimate and illegitimate businesses. It discusses the 'Delaware Way,' a collaborative yet competitive legal community that adapts to technological advancements while questioning the transparency and democratic oversight within its legislative process. The chapter also provides a historical context for Delaware's rise as a corporate haven and the ongoing competition with other states aiming to replicate its success.

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