Saturday, December 3, 2016

L Ziffle: " Reliance on rules and law has enormous advantages. It greatly increases predictability and reduces uncertainty. It reduces expenditures on both guarding property and seeking to appropriate property. It promotes freedom because most of the people most of the time do not take political positions with a view to gaining commercial advantage."

That's it ? ......

Party ocracy
Rule based ?

Integrity of contracts inviolability of citizen property ?

Even ness of enforcements
Law abiding enforcements ?

China  wake up
Obey the absolute right of private property or remain low mediocre

What of the laws of open markets ?