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Published online by Cambridge University Press: 19 December 2024
Chapter 8 examines how social hierarchies are reproduced through the operations of justice. It argues that justice institutions, whether national or supranational, are systematically characterised by restricted professional markets of repeat players (Galanter 1974) who act as gatekeepers of the relationship with justice users (individuals, corporations or states). The globalisation and financialisation of global value chains is reinforcing rather than weakening the post-Cold War competition between legal ordering claims. The contrasted development of justice institutions (from the US Supreme Court; asylum justice; interstate adjudication; investment arbitration to international criminal justice) demonstrates that it is fostering the global diffusion of the Wall Street model of the corporate law firm as an engine of legal globalisation and for the reproduction of legal and social hierarchies. This positions justice institutions as practical and symbolic boundary-making sites between capitalism’s so-called cores and its peripheries.
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