A revolution in economics (but not in law) -- The corrupted corporation -- Animal spirits and financial regulation -- Rigged globalization -- The costs of economic oppression -- The crisis in crisis management -- The potential for an economic rule of law -- Epilogue : Optimized legal infrastructure and the end of scarcity
Summary
"In this innovative and exhaustive study, Steven A. Ramirez posits that the subprime mortgage crisis, as well as the global macroeconomic catastrophe it spawned, is traceable to a gross failure of law. The rule of law must appropriately channel and constrain the exercise of economic and political power. Used effectively, it ensures that economic opportunity isn't limited to a small group of elites that enjoy growth at the expense of many, particularly those in vulnerable economic situations. In Lawless Capitalism, Ramirez calls for the rule of law to displace crony capitalism. Only through the rule of law, he argues, can capitalism be reconstructed."--Publisher's website
