In the 1st chapter of “The code of capital”, Pistor (2019, p.3) specifies the 6 major modules of the code that creates a lot of wealth, but is also eager to keep it to a few privileged persons in society. In order of appearance and not exclusively they are: “contract law, property rights, collateral law, trust, corporate, and bankruptcy law. In these modules 4 major attributes of assets are defined for the holder and later exercised courts as well as other state institutions: (1) priority, (2) durability, (3) universality, and (4) convertibility. In other words, the legal devices rank claims in a qualitative sorted order and guarantee the value of such claims over time and space. The fatal vice of the device is the convertibility of private claims in to one against the state as the ultimate insurance against a risk of credit default by other parties. Similar to bitcoins today, the financial derivatives make it possible to “create money” out of nothing, just like a “deus ex machina”. The states had and still have no control over this “artificial creation of money without being linked to a kind of reserve value.
Such intangible assets may contribute to wealth creation as tools that facilitate a faster turnover of goods and services in an economy or between countries and thereby create corresponding real value. The control of trade and currencies, however, becomes also subject of additional possibilities of fraud and crime. Here again it is the legal system that is challenged to protect the application and efficient functioning of the 6 major modules of the code of capital. The concerns of inequality in and through law are relegated to politics and policies within single states.
The final chapter 9 states rather bluntly: “capital rules by law” (p.205), but it enumerates several ways, how to curtail this code of capital. Tax sheltering in other countries or taxation by choice of country should be made more difficult. Blacklisting is efficient in most cases (p. 225). Arbitration might work if somehow an equality of power is achievable. Internalization of externalities is easier said than done, but needs to be considered right from the beginning of changing laws. Purely speculative contracts should be referred to “casinos” and betting instances and no longer be eligible for business contracts. The revision of the education of lawyers is another part of the counter measures. The autopoiesis of the legal system and its profession has been highlighted by Niklas Luhmann before. A great deal of the difficulties we face with the code of capital appears to be due to the self-referential exclusionary practice of legal devices. We have to bring society back into the discourse of law in order to preserve democratic structures and the equality of chances in society.
The strength of “collective rights” in labour law, of cooperatives or the share economy allow for potential remedies to the hijack of law through capital and exchange markets. Open source movements as in software creation are forward-looking models that the creative commons licensing for security, but also equality purposes. Employees’ input in the process of capital creation should be rewarded and codified accordingly. Last, but not least, countries will have to reclaim legal authority in parts of law that affects “the wealth of a nation” and its distribution. Similar to “no taxation without representation” we should claim “no legislation on us, without us”. The role of legal advisory firms to draft laws outside of parliament has probably gone too far already. The task of politicians to understand the consequences of what they vote for in parliament has become more and more difficult, yet there is no way around a drastic increase in competences, legal and otherwise. 
Juridification
Law has entered almost all domains of life. This has a lot of positive effects. Law in general, we tend to believe, has an intrinsic link to justice. If you go to court after failed attempts of mediation you will get a judgement(s) from several instances at times and with substantial delays. Justice, however, is a much more complex issue. Ethical concerns enter the stage as well as the ability and willingness to devote substantial resources to support a legitimate or legal claim. A kind of balance of power appears to be a necessary precondition for justice to be achieved. Of course, jurisdification is a process, where time plays to the advantage of one or the other side of contestants. The book by Katharina Pistor, “The code of capital. How the law creates wealth and inequality” has highlighted the importance of the legal intermediaries in the juridification and codification of modern societies. The basis of today’s capitalism relies on an expansive definition of what constitutes capital. The transformation of debt into a product, which can be traded by a “second hand” rather than the “invisible hand”, had created a warning to societies that the extension of rights and volumes led to a financial crash of the most powerful economies. The states, i.e. taxpayers, had to step in to guarantee credits taken out by banks and other financial institutions and ensure the solvability of underwritten debt. The state guaranteed for losses of capital and enforced the rule that deficits had to be shared among all. A well calculated bankruptcy of the system was then managed by lawyers and bankers rather than the politically elected representatives of the people.
The juridification has been extended to intellectual property rights as well. This made the fruits of intellectual property tradeable. It is rarely the authors that negotiate translation rights or the use of a novel as a screenplay. You better rely on a specialised lawyer to assist you in the national or transnational defence of intellectual property rights.
Artificial intelligence relies on huge data inputs. It is not an easy task to define ownership of data, especially of what we believe are “your own” data. Juridification means that a process of narrowing down definitions or the opposite, absence of a proper definition, creates market opportunities to trade data and the right to collect or use those data for specific or encompassing purposes.
Are we still all equal in front of the law? Or do the better informed have a significant advantage over the rest of society? Financial resources play a vital in the legal system as well. Collective solutions, like associations of consumers or trade unions, have demonstrated that they may operate as a societal antidote in the biased codification of capital. Democracies are well advised to open their eyes to the blind spots in the “regard” of justitia.
(Image: Auguste Rodin, Cariatide à la pierre, enlarged bronze statue in Paris) 
Sexual harassment
Under the broader topic of violence against women, we count gender-based harassment at work. The recent report of a survey based on more than 100.000 persons in the European Union in 2021 shows the shocking amount of violence in the last 12 months as well as violence experienced over a lifetime. (Source Eurostat Link to pdf report) These data have to be interpreted with care since it is a well known statistical phenomenon that in some countries such misbehavior is reported and talked about more easily and openly than in other countries. Therefore, the countries with the highest figures, for example in Nordic countries, there it is safe to talk about the issue (Nordic paradox), whereas in other countries violence against women and sexual harassment at work are still much less talked about and addressed in public. Italy even deviated from the joint EU data collection.
It is important to address the topic in the media and lift the cover-up attempts in many societies. This is a process over time, but it is important to continuously raise awareness about the problem. We have made a lot of progress on more equal treatment of women in recent years in most European societies. However, the is need for a “zero tolerance” of violence against women and the sexual harassment at work, which prevents women to take equal shares across all professions. Monitoring the process is an important step, which is necessary to target safety measures in a better way. Further details of the statistics are needed as well to address intersectionality as well. Young women tend to suffer more than older ones. Maybe the latter ones have learned to be more careful to avoid or evade critical situations. It is, however, men who have to reconsider their behaviour towards women at every age, at work as well as at home. 
On Resilience
There are at least 2 definitions of resilience: (1) a material definition points at the “ability to return to an original form or position after being compressed, extended or curved, and (2) a immaterial or psychological definition. The latter one describes the ability to recover, be happy or successful anew having overcome a bad or challenging experience. The American psychological literature defines resilience in the shortest form as “positive adaptation despite adversity”. The psychological construct is linked to a positive life span perspective of personal development. Other areas of application range from “resilient investments”, “resilient industries” to single resilient societies or intergovernmental organizations like the European Union or NATO.
The challenges to resilience increase with complexity of societies and social as well as technical systems. As supply chains have become longer in time and travelling longer distances as well, the improvement of resilience has become a steep challenge for globalization. Reorganizing supply chains with “own sourcing” as in countries which are cut-off from international trade will have huge consequences on sending and receiving countries.
Last, but not least, countries like Ukraine demonstrate the fact and virtue of resilience after more than 1000 days of the massive Russian invasion of its country, which threatened its survival. Resilience works best in networks of organizations and countries. Solidarity is a fundamental building block of resilience as well. Donations and funds support activities that foster resilience. 
On Woke-ability
The past particle of “to awake” is “woke“. As early as the 1960s the term woke has appeared in a New York Times article to reflect the idea that in the African-American History movement you woke up to a new movement, leaving behind discriminatory practice and rhetoric. The definition of woke in dictionaries refers to an awareness of social facts and injustices. Additionally, the use of woke has implied a need to act upon injustices due to social and/or ethnic origin. Elements of the woke movement were the use of more general non-discriminatory terms like people of color (POC) in official documents and revisions of textbooks for pupils. Subsequently, the application of the term woke spread to other social concerns like the discrimination of LGTBQ+ people in many societies.
The underlying concern was and still is (1) to recognize the discrimination and disadvantages faced by many groups in society and (2) a call for changing the way we talk about it and (3) a shift of policies to counter social injustices. Societies differ in the capacity of “woke-ability”, i.e. the capability to address social inequalities of various types including intersectionality. Societies have never simply been only homogenous. Heterogeneity, plurality and complexity are much better suited to represent societies, regions or countries. It is our willingness to deal with these complexities in an open way which includes the “woke-ability” of social phenomena. Acknowdge a social problem and act upon it. Change the way we talk about a problem and the discoursive practice in general are important steps to address old and new social problems. For example, over the last 50years the discourse with respect to handicapped persons has evolved and the Paris 2024 Paralympics have made this clear to the public on a global scale.
(Image: Installation of Daniel Boyd in the Martin Gropius Bau, Berlin 2023)
On Dosage
- Dosage is key. We all know it from everyday expériences. Certainly from drinking alcohol we know the tricks that dosage can have on us. Consumption in small doses is fine and enjoyable, but larger amounts cause all sorts of trouble. In pharmacology the effect of dosage is applied with particular virtue. Small doses even of a poison can have beneficial effects. More of rhe same might well kill you. The same rationale applies to other fields as well. Physiological training effects depend a lot on the right amount of training and the timings or intervals between training sessions. In managerial, economic or social applications the question is not only about what is the right remedy, but also how much of it. The interest rate decisions of central bankers are mostly concerned with dosage rather than « whatever it takes ». A minimum wage increase is equally about dosage and we all have additional examples.
Even in art, take painting or music, dose and pose, that is the question. It is quite surprising that such an overarching issue has received rather little attention, comparatively or only among specialists in each field.
It appears strange, but it is possible to have only a little bit of war, as opposed to comprehensive conflict. The applications of dosage are manifold.
Learning about dosage might prevent binge learning at first and binge viewing later on. In the age of tiktok and social media, dosage has become a key competence. (Image Extract of Gustave Courbet Die Welle 1870, Alte Nationalgalerie Berlin).
On Intersectionality
Society deals with individualization or individualism in various forms. One way is to take each social group as a specific singular case. This is reasonable and justified in many instances. There are cases where this form of dealing with specific social groups comes to limits. Following the rationale of plurality and individualism it has become common practice to address each target group in a specific manner. Intersectionality, however, acknowledges the overlapping of target groups, which necessitates a more specialized approach to intersecting (social) phenomena. Gender might not be the single most important factor to describe a person, just as age is a concept of various intersections. Chronological age versus age defined through biomarkers demonstrate the variety and potential for intersectionality. The Paralympics 2024 in Paris gave another positive example of intersectionality as extraordinary persons achieved previously unimaginable world records in specicialized disciplines. Individualization and classification is only a first step in the scientific endeavour, the analysis of intersectionality is an additional step to consider in a broad range of fields beyond the social sciences.
(Image: Exposition Isa Genzken 75/75 in Neue Nationalgalerie 2023) 
On Plurality
Most people are familiar with plurality under the term pluralism with respect to political parties or political systems. We have gotten used to have more than one political party tp represent the right or left in party politics. This is a challenge to people and parties as coalition formation can be a tough challenge to negotiate with a spectrum of parties rather than single representations of opinions and values. Plurality is, however, a more far reaching concept, which is applicable to many other fields of interest. Plurality of living styles are common fields of applications as well. Gender issues beyond binary gender identities qualify as yet another example for the pertinence of the concept. Nature has foreseen a wide variety of species even within subcategories of whatever classification system you apply, just think of trees. A broader variety of individuals is likely to increase the « requisite variety « of evolutionary processes as well. Plurality of modes of transport are another recent example of a widening of technological options available to reaching the same destination. A lot of progress and social progress is relying on allowing plurality to thrive before eventually narrowing down the spectrum. (Image: Sophie Taeuber-Arp, Composition with circles and rectangles, 1932, p. 256 from exhibition catalog 2024) 
On Uncertainty
Uncertainty is a catchword for all sorts of undetermined occurrences, which we might have to confront. We associate economic uncertainty with the difficulty to forecast or predict the economic evolution of key indicators like inflation, GDP, CO2-emissions, energy and raw materials’ prices and availability. Even factors like increases in greed of CEOs, psychological factors like insecurity about external or internal conflicts drive these macroeconomic indicators. Micro-level features of your own stage or evolution of the life course have an impact on and will be affected by uncertainty. Employment, housing, family, or household composition are subject to high levels of uncertainty. These micro- and macro- level factors are, of course, not limited to the domain of economic phenomena. Most recently, political uncertainty has reentered the international and national sphere with the re-election of Donald Trump as president of the United States. This election outcome of the U.S. is perceived by many as increasing the overall uncertainty due to the unpredictability of political decisions and even previous treaties with the U.S. or where the U.S. is a major partner in the agreement. These economic and political uncertainties are accompanied with a perception of growing legal uncertainty even in very personal spheres of life. Last, but not least uncertainty about climate changes like heating up of the planet and more devastating flooding and droughts contribute to increased uncertainty about future developments and the need to initiate adjustment processes and the financing of those.
The individual and societal ways to cope with increased uncertainty are one of the major economic, political, legal and social issues for the coming years. The answers are likely to be found in mutual, cooperative and risk sharing arrangements. The social in society will be a major part of dealing with increased uncertainty. 
(Image: Extrait of Paul Klee, Seiltänzer 1923)
On Complexity
The famous quote from Marc Bloch on complexity with reference to history states that history is always more complex than a single perspective or interpretation suggests. Therefore, it is advisable to consider several perspectives on the same subject and, maybe, add another one. In maths the term complexity is probably primarily understood in the sense of complex numbers that go well beyond the arithmetic of counting. Many dimensions of a complex problem might, first of all, necessitate a thick description of the problem to then identify (scientific) disciplines that might contribute to disentangle the intermingled lot. Most of the time it is assumed that a single discipline could resolve the issue, but as in the example from Marc Bloch on complexity in historical research, different perspectives like the cubist art movement practiced a complex approach to painting and depicting a figure. Accept complexity as the rule rather than the exception and here we are in the middle of today. Unfortunately, too many people want to escape from the complexity around us by pretending to have easy answers to complex issues. (Image: Le Penseur by Rodin, background paintings by Monet, Berlin Alte Nationalgalerie, 2024)
