Episode
Why Does One Tiny State Set the Rules for Everyone? (Update)
Freakonomics Radio · Jul 23, 2025 · 47 min
Until recently, Delaware was almost universally agreed to be the best place for companies to incorporate. Now, with Elon Musk leading a corporate stampede out of the First State, we revisit an episode from 2023 that asked if Delaware’s “franchise” is wildly corrupt, wildly efficient … or both?