Outlaw economies are a key, but under‐appreciated, feature of late capitalism. With an ethnography of what one journalist called “the largest illicit economy in the Western Hemisphere” on the Paraguay–Brazil border, this article contributes empirical findings about the production of space for extralegal economies. Contributing to debates about geographies of the illicit, I theorise outlaw capital, a form of capital that negotiates profits and distributes rents through situated forms of deals, bribes, and schemes. Outlaw capital zones particular places as sites of useful transgression. Powerful spatial imaginaries then cast them out of thought, despite their connections to spaces of authorised economic practice. Outlaw capital’s diverse, flexible spatio‐economic forms benefit from explicit and tacit state support. As an example of theory building from the South, outlaw capital can help us think broadly about the power and politics of accumulation by transgression as a key logic of outlaw capital.

中文翻译：

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非法资本：通过犯罪行为在巴拉圭-巴西边界积累

非法经济是晚期资本主义的关键但未被重视的特征。根据巴拉圭与巴西边界上一位记者所说的“西半球最大的非法经济”的人种志，本文为法外经济的空间生产提供了经验性的发现。我认为，对于非法地区的辩论，我认为非法首都，一种资本形式，可以协商利润并通过交易，贿赂和计划的形式分配租金。取缔首都地区特别有用的地方作为犯罪的场所。尽管它们与授权的经济实践空间有关，但强大的空间想象力却使他们摆脱了思考。非法资本的多样化，灵活的时空经济形式得益于政府的明示和默示支持。作为来自南方的理论构建的一个例子，非法资本可以帮助我们广泛地思考通过违法积累的权力和政治，作为非法资本的关键逻辑。