The Code of Capital: How the Law Creates Wealth and Inequality Audiobook (Free)

Capital may be the defining feature of modern economies, yet a lot of people have no idea where it actually comes from. What is it, precisely, that transforms mere prosperity into a secured asset that automatically creates more prosperity? The Code of Capital clarifies how capital is created nowadays in the offices of private attorneys, and just why this little-known simple truth is one of the primary reasons for the widening wealth gap between your holders of capital and everyone else.

In this uncovering book, Katharina about The Code of Capital: The way the Law Creates Wealth and Inequality Pistor argues that the law selectively ‘codes’ specific assets, endowing them with the capability to safeguard and make private wealth. With the right legal coding, any subject, claim, or idea can be turned into capital-and attorneys are the keepers of the code. Pistor identifies how they choose among different legal systems and legal products for the ones that greatest serve their clients’ needs, and how techniques that were initial perfected generations ago to code landholdings as capital are used today to code shares, bonds, ideas, and even expectations-assets that exist only in legislation.

A powerful new thought process about perhaps one of the most pernicious problems of our time, The Code of Capital explores the different ways that personal debt, complex financial products, and other assets are coded to provide financial advantage to their holders.