Washington's Blog — Breakdown of the rule of law

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

Robert Skidelsky — The Bad Society

...in practical terms, [indifference to extreme inequality] is bound to destroy the social cohesion on which democracy – or, indeed, any type of peaceful, contented society – ultimately rests.

Read it at Project Syndicate
The Bad Society
by Robert Skidelsky, Professor Emeritus of Political Economy at Warwick University and a fellow of the British Academy in both history and economics, is a working member of the British House of Lords.

Krugman: This may be when it all falls apart (VIDEO)

There are a lot of ugly forces being unleashed in our societies on both sides of the Atlantic because our economic policy has been such a dismal failure, because we are refusing to listen to the lessons of history. We may look back at this thirty years from now and say, ‘That is when it all fell apart.’ And by all, I don’t just mean the economy.

Watch it at Raw Story

Krugman: This may be when it all falls apart

by Eric Dolan