Economic aspects of company law control 1908-1948.
A democratic country's laws are usually the outcome of
economic and social factors which have led to certain methods
of behaviour being approved by society. The law often lags
a long way behind current enlightened opinion, partly because
of the laborious procedure necessary before amendments can be
made, and through lack of time of the legislature; and partly
because of ignorance and conservatism on the part of a
proportion or the governed to whose opinions the elected
representatives must bow, - in other words, the factor of
political expediency. Lack of public agitation against
certain generally disliked measures, and hence the absence of
interest in them by any political party, explains the lingering
on of such quaint laws as those concerned with betting,
licensing and Sunday observance. The criminal law is
designed not only to punish offenders and prevent crime, but to stop aggrieved persons or their relatives seeking revenge.
The laws of inheritance provide that the property of an
intestate Shall pass to his next of kin - which is considered
right and proper by most people in this country,
although an ardent Communist would doubtless feel that the
State should be the sole inheritor.
Thus it is that behind each Act of Parliament, and every
amendment thereto, lie many interesting causes some of which
may have become obscured in the course of time.