The BREAK—DOWN

Episode 5: The Invisible Code of Capitalism w/ Katharina Pistor

Jul 11, 2024
Law professor Katharina Pistor discusses how the invisible code of capitalism is shaped by the law, enabling corporations to act as persons and restricting government action on climate. She delves into challenges within the legal system, the evolution of corporations, and the need for alternative business models and patent reforms to address global issues.
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INSIGHT

Law Creates Wealth

  • Law isn't merely a set of rules, but a process used to generate wealth.
  • Lawyers leverage legal systems to turn resources into private assets.
INSIGHT

Assets and Legal Constructs

  • Assets require legal frameworks to hold monetary value.
  • Land, often conflated with inherent value, exemplifies this dependence on legal constructs like titles.
INSIGHT

State's Role in Capitalism

  • The state's role is essential for markets to function, challenging the notion of 'free' markets.
  • A complex legal system, including property rights, courts, and legal adaptation, underpins capitalism's existence.
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