The Code of Capital: How the Law Creates Wealth and Inequality
In The Code of Capital, Katharina Pistor uncovers how laws create and safeguard wealth, leading to profound inequalities. By coding assets with legal protections like property rights and contracts, the system favors the powerful, shaping economic realities and calling for reforms to promote fairness in society.
About This Book
The Code of Capital examines the role of law in generating wealth and exacerbating inequality. It argues that legal frameworks are not neutral but actively construct economic advantages for certain assets and entities.
Through a detailed analysis, the book illustrates how contracts, property rights, and corporate structures serve as tools to protect and enhance capital, often at the expense of broader societal equity.
Pistor draws on historical and contemporary examples to show how these legal codes influence global financial systems and power dynamics.
Ultimately, the work calls for a reevaluation of legal institutions to address the imbalances they perpetuate in wealth distribution.
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