This article scrutinises concepts of deregulation against the backdrop of the ‘New Capitalism’ as presented in the episode ‘Hamsterdam’ in the American TV series, The Wire: when the major in charge of the Western District of Baltimore secretly decides to pull the police force from the war on drugs in order to re-dedicate their energy to police work proper, he de facto legalises drugs in a specific quarter of his district. Read through theories of statehood and sovereignty, this episode sheds light on self-perception of gangs within an ailing communal system, and on the difficulties with which the protagonists of The Wire constantly grapple, shifting the focus from the seemingly self-sustaining microcosm of West Baltimore to the superstructure that presupposes and enables the mechanisms of Baltimore’s public sphere.