A national market economy inherently generates demand for national-level regulation
Evidence
A national economy creates national brands and brand names; it also generates a demand for national regulation. This was already evident in the nineteenth century, as the Interstate Commerce Commission Act and the Sherman Antitrust Act clearly demonstrated. The trend continued into the twentieth century; only more so. — Lawrence M. Friedman, A History of American Law, 4193
Categorization
- XREF: The polyad’s institutional thread: this is the causal claim that explains why state-level environmental/heritage regulation gave way to federal agencies like the EPA, ICC, and Sherman Act. — connects to: Strict environmental laws coexisted with a thriving US economy — Richard J. Lazarus, The Making of Environmental Law, 1100; Interstate commerce created pressure for uniform commercial laws — Lawrence M. Friedman and Grant M. Hayden, American Law: An Introduction, 460; Land’s dominance of national wealth made land law track the business cycle closely — Lawrence M. Friedman, A History of American Law, 1468 (+6 more)
Broader Connections
- States make markets as much as markets determine states
#corroborates(0.85) — Mark Blyth, Austerity, 266 - Regulatory-system innovation is needed to sustain capitalism’s profit logic
#corroborates(0.75) — David Harvey, The Condition of Postmodernity, 1139 - Finance requires the state to regulate markets and police its own excesses
#exemplifies(0.75) — Max Haiven, Cultures of Financialization, 504 - Regulation theory explains how unstable capitalism achieves temporary coherence.
#corroborates(0.75) — David Harvey, The Condition of Postmodernity, 732