by Don Hank
The below-linked report shows that of all factors studied, the one most strongly correlated with GDP, or national wealth, is strength of the rule of law.
Quote: …he mentioned that he had done a study based on analysis by an institution that looks at all sorts of “fuzzy” data, like how easy it is to start a business in a country, corporate taxes and business structures, levels of free trade and free markets, and the legal system. It turned out that the trait that was most positively correlated with GDP growth was strength of the rule of law. It is also one of the major factors that Niall Ferguson cites in his book Civilization as a reason for the ascendency of the West in the last 500 years, and a factor that helps explain why China is rising again as it emerges from chaos.
Amazingly, despite this strong correlation, not ONE of the 2 main parties supports the rule of law. Bush and his GOP cronies famously supported rewarding lawbreakers with amnesty. Obama has gone further, refusing to allow ICE to deport many alien felons (only the most egregious) and even suing Arizona for trying to protect itself from the invasion — even though Article 4, Section 4 of the Constitution says the federal government is supposed to protect the states from invasion, literally.
Last but not least is the Libertarian party, which basically thinks borders are bad for liberty and is not much in favor of laws at all. Like the early communists, they think the state will melt away if we can just teach enough people how to behave in a lawless society (anarchy). I’m not making it up: If you go to the Von Mises Institute site you can see a proud invitation to sign up for a course in “Anarcho-Capitalism,” the favorite ideology of site founder Lew Rockwell, who is a mentor of Ron Paul.
America has given up on law, instead falling all over itself to protect the “rights” of minority criminals, like the black panthers who violated election law by intimidating voters and siding with petty thugs like Trayvon Martin while seeking to jail law and order activists like George Zimmerman. And suspending ICE agents for arresting illegal aliens (http://radio.foxnews.com/toddstarnes/top-stories/senator-ice-agent-facing-punishment-for-arresting-illegal.html). This is a reflection of the back seat that science has taken in the public discussion, in the media and politics. We prefer catchy pandering slogans to facts. Slogans and pandering ensure poll success.
But as the law goes, so does GDP. It looks like our main political parties have all chosen poverty for us all.
Funny, none of them asked us either.