Contemporary derivatives mark the development of capital and constitute a novel form of ownership. By reconﬁguring the temporal, spatial and legal character of ownership derivatives present a substantive challenge to the tax collecting state. While ﬁscal systems are nationally bounded and inherently static, capital itself is unprecedentedly mobile, ﬂuid and fungible. As such derivatives raise the specter of ‘ﬁnancial weapons of mass destruction’.
|Publication status||Published - 2013|