THE PIRATE ORGANIZATION AND THE MONOPOLIST
Traditionally, the granting of a trade monopoly … is a power that the sovereign exercises over his territory, its citizens, a power that is then extended to the territory and the colonized people. The very concept of law is closely linked to that of territoriality.
—Soderberg, Hacking Capitalism
To eliminate piracy on a larger scale, however, trade monopoly had to be given up altogether.
—Pérotin-Dumon, The Pirate and the Emperor
To exploit the resources of a new territory, states define which organizations can operate, embody, and convey the norms of exchange as well as determine property rights, the nature of risks, and the sharing of returns on investment. Historically, monopolies ...