The Tool Kit | The Laws of Capitalism Episode 4

The law is not always handed down from above, but often emerges from below, sometimes outside the courts.

Private owners of capital can harness the centralized means of coercion (like litigating in State courts) to make their rights effective. But it can also be pursued in a more decentralized fashion, with parties picking the law and the forum. Prof. Pistor surveys the various venues where legal claims are pursued, but also where law is constructed. The law and legal institutions are not static, but evolve and expand by an incremental process, usually driven by interested parties. It need not be by legislation - they can change the meaning of a law by renegotiating its interpretation and application.

[BradSamuelsPro]

I bought the book after watching the first two videos in this series. Thank you so much for gathering this information and presenting it so incredibly clearly for a general audience.

[ROLLFUN]

Loving this series! Thank you for making it

[timothykangethe]

This Toolkit is like an elaborate inside road of how the lanes of Economic development are laid.🎯

[foobar]

Here's what I learned. Firstly, all things are capital if you are brave enough. Secondly, it's called 'land of the brave' for a reason.

[stevesmith]

Law means shit if it can't be enforced. The key to wealth then is power. Power to enforce your will, by whatever means.

[Mongoose]

One intelligent lady.
Jeez, I can't remember what I did yesterday

[mohammadsohail]

6 Chains of Economic Circle 1 Raw Material 2 Production 3 Distributor 4 Wholesaler 5 Vendor 6 Consumer. Usurious loans break the economic chain and break the family system

[moodister]

Worship Warship
Pray Prey
Prophets Profits