Capital–Legitimacy Substitution

CLSFailure Mode

Authorityload-bearing — the argument runs through it

—working paper

4topics

Explains how capital substitutes for institutional legitimacy as the basis of decision authority—not through corruption or capture, but through lawful interactions with insufficiently insulated institutions.

Where it sits. Explains the substitution mechanism at the moment of authority collapse.

The long-form argument for this work still lives on the existing explainer at /explainer/capital-legitimacy-substitution. This page carries the abstract and the corpus metadata — the frame the argument would move into unchanged.

Key termsGovernance Failure · Capital Dynamics · Institutional Legitimacy · Democratic Governance

In the canonspineload-bearing — the argument runs through it

No paper yetCapital–Legitimacy Substitution: A Structural Account of Governance Failure in Capital-Intensive Institutions is a working paper with no SSRN record yet. Said plainly rather than linked to a record that does not exist.

Nearby in the corpus

Also in Authority

The works either side of this one in the canon order — what it builds on and what builds on it.

Capital ExhaustibilityCESIATemporal Theory→Constraint Substitution in Family OfficesCSFDAFODiagnosis→Administrative PanicAPGoverning the Panic Window→

Where to go next

Three directions out

Where to go once you have the argument — the paper it comes from, the instrument that measures it, or the next thing it depends on.

Measure itinstrumentsRun the measurement this argument implies against your own institution.→The library65 worksEvery work, by layer, with the argument and the paper side by side.→In the field2 liveWhere the argument has met real money and published dates.→