The Rule of Law is the foundation of all other rights. Without the Rule of Law, nothing else works:
I. Without the Rule of Law, there is no contract system (how do you do business, how do you enforce your contracts, how do you make money?)
II. Without the Rule of Law, there is no protection for intellectual property (how do you protect your business, inventions and assets?).
III. Without the Rule of Law, there is no protection for personal security and abuse (of all kinds).
IV. Without contracts, protection of IP, personal security, investment is stunted, capital growth slows, and commerce cannot flourish.
The Rule of Law is not just a “nice to have”, it is an absolute necessity for success. The Rule of Law is not merely an issue for developing countries; it is under constant threat in all countries of the world and we must be vigilant everywhere.