Whats the Matter with Delaware?, Hal Weitzman
Whats the Matter with Delaware?, Hal Weitzman
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What's the Matter with Delaware?
How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All

Author: Hal Weitzman

Narrator: Sean Runnette

Unabridged: 9 hr 26 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 05/24/2022


Synopsis

The legal home to over a million companies, Delaware has more registered businesses than residents. Why do virtually all of the biggest corporations in the United States register there? This book reveals how a systematic enterprise lies behind the business-friendly corporate veneer, one that has kept the state afloat financially by diverting public funds away from some of the poorest people in the United States and supporting dictators and criminals across the world.

Hal Weitzman shows how the de facto capital of corporate America has provided safe haven to money launderers, kleptocratic foreign rulers, and human traffickers, and facilitated tax dodging and money laundering by multinational companies and international gangsters. Revenues from Delaware's business-formation industry, known as the Franchise, account for two-fifths of the state's budget and have helped to keep the tax burden on its residents among the lowest in the United States. Delaware derives enormous political clout from the Franchise, effectively writing the corporate code for the entire country.

What's the Matter with Delaware? shows how, in Joe Biden's home state, the corporate laws get written behind closed doors, enabling the rich and powerful to do business in the shadows.

About Hal Weitzman

Hal Weitzman is executive director for intellectual capital at the University of Chicago Booth School of Business, and editor-in-chief of Chicago Booth Review. He also teaches MBA students and business executives at Chicago Booth. A former Financial Times editor and foreign correspondent, he is the author of Latin Lessons.


Reviews

Goodreads review by Stephen on October 28, 2023

Through Part 1 and 2, I was learning something new and interesting on nearly every page. The final Part 3 felt a bit repetitive in my opinion. Still a good and informative book about the First State! Go Blue Hens!......more

Goodreads review by Damon on July 16, 2023

There was a lot of good information on how Delaware operates as the de facto business registrar in the United States, but I left feeling only partially satisfied. Some of that I will chalk up to Weitzman's approach: he is a journalist rather than a historian, so he leans heavily into the recent (pol......more

Goodreads review by Richard N. on June 05, 2022

As a resident of the State of Delaware since 2005, I found the book to be enlightening, entertaining and insightful. The Delaware Way is everywhere. While I knew Delaware had more corporations than living residents, I had no idea it was really this easy. The author does an amazing job of explaining......more

Goodreads review by Raymond on October 28, 2024

There's something in this book for nearly every reader. I thought I was going to be reading a book about the issues around loopholes and reasons why companies incorporate in Delaware instead of their local states. That is in there, but this book goes into the history of the state, its stances on sla......more

Goodreads review by Scott on January 07, 2025

Fascinating explanation of the role Delaware plays in the economy of the U.S., and the world more broadly through its unique relationship with corporations and what it calls “the franchise.” This book offers a critique of the current system, rooted in a clear historical explanation for how we got he......more