Economists have thoroughly documented that failure to enforce the rule of law leads to a loss of trust … which destroys economies....
Indeed – as we’ve extensively documented – the rule of law is now as weak in the U.S. and UK as many countries which we would consider “rogue nations”....
This is a sudden change. As famed Peruvian economist Hernando de Soto notes: "In a few short decades the West undercut 150 years of legal reforms that made the global economy possible."Read it at Washington's Blog
The Main Driver of GDP Growth: A Strong Rule of Law
Washington's Blog
"In a few short decades the West undercut 150 years of legal reforms that made the global economy possible."
ReplyDeleteAnd what does he think made that a possibility? The fact that the US state is the world's sole remaining superpower.
Power corrupts.
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Now imagine a world state. Imagine a state with no competition whatsoever.
Then say goodbye to freedom.