Every year, governments and public entities wrestle with tough decisions about how they will fund their communities, and every year we absolve Wall Street of its role in siphoning money away from our public budgets. Enough is enough.
Dependence on public debt is a hallmark of democratic capitalist governance. How, then, can we ensure that the interests of private investors do not overtake the needs of the people that debt is meant to serve?
Replacing the liberal subject with the vulnerable one, and the responsive state with the restrained one, exposes the ways in which current corporate jurisprudence is blind to the allocation of resilience in society. Introducing vulnerability theory to corporate law may therefore help to ensure that all stakeholders have equal access to the corporation’s resources and assets.
The laws that apply to market activities have long catered to the interests of seasoned market actors. Who, then, is to watch out for us lay market users?
American cities’ reliance on municipal debt must be understood as part of a larger structural reliance on concentrated, mobile capital.
Given the human condition of inevitable uncertainty and fragility, societal prosperity depends on supporting diversely situated knowledge and inclusive power—not on maximizing rewards for a few seemingly superior winners.
The LPE Blog introduces a particularly effective way to begin ridding the law of neoliberalism: the vulnerability theory.
Municipal bond finance is an important technology, but is it more like a hammer or an automobile?
By documenting how public debt produced our present nightmare, Destin Jenkins allows us to dream about using public money to mend the ills of our era.
Los Angeles’s King-Drew Medical Center, a public hospital originally intended to provide Black residents with quality healthcare, is a cautionary tale about using bond financing to advance racial equality.
I thank the Law and Political Economy Project for inviting me to participate in this blog symposium on capitalism and the courts. I begin by stating the obvious: that we live in a capitalist economic system and a political system that aspires to being democratic. There is clearly considerable tension between these systems. Most capitalists…
If history is any guide, the long-term solution when the courts are aligned against liberal and progressive causes is not to “reform” the politics out of the courts, but, rather, to confront the courts through politics itself.
If CLS was right to point out that law is a form of politics, why does the separation between law and politics exist and persist in our contemporary capitalist society, practically and institutionally if not conceptually?
To understand courts’ relation to the reproduction of economic domination requires close investigation of how they actually work for different types of litigants.
Understanding the law’s role in the project of Israeli colonization requires examining how distinct legal frameworks applied across a legally fragmented space can nevertheless share a common defining logic. One manifestation of this shared logic becomes evident by scrutinizing claims to land adjudicated by Israeli courts: Israeli state agencies and Jewish settler groups are treated as presumptively proper claimants of property while non-Jewish Palestinians are treated, at best, as dwellers who are not entitled to claim property but merely inhabit the land at the sufferance of Israeli authorities.
