Brian Highsmith (’17), Senior Researcher at Yale Law School’s Center for Public Interest Law, contributed an article to the Journal of Law and Political Economy series on Destin Jenkins’ The Bonds of Inequality examining American cities’ structural dependence on the municipal bond market and the absence of redistributive transfers across geography (The Bondholders’ Veto: Fiscal Federalism and Local Democracy,” Sep. 9). “Indeed, American cities’ structural dependence on the municipal bond market is not unlike the wage dependency that allows American employers to exercise domination over their workers. The comparison allows us to see how both forms of domination are contingent on the organization of our political economy. For cities and workers alike, commodification results from the absence of redistributive transfers provided through the state—thus ensuring that risks are individualized while gains are hoarded.”