Law as Infrastructure for Private Powers. About a Book by Katharina Pistor
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Abstract
The essay reflects on the claim, advanced by Katharina Pistor, German law Professor at Columbia University, that the main purpose of law is to promote the growth of the private wealth of private powers. This is especially true in the era of economic globalisation, when international law firms rewrite financial rules, most prominently in the field of digital innovation, in favour of large multinational companies and at the expense of the public authorities. After examining Pistor’s view, the Author develops critical remarks on the alternative functions that the legal science could perform in the times of profound transformation we are living
Keywords
- Private powers
- Public powers
- Limitation of powers
- Global law
- Multinational corporation