Betting Derivatives
(4/1/2011) 20 minutes

description:

Capitalism is fundamentally a legal concept. In the end, capitalism relates to a description of a system of laws-at a minimum, private property and enforced contractual exchange. A free market without the rule of law is essentially Hobbes' world, a land of great hostility and violence where the strong and the fast take whatever they want from the weak and the slow.

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