Protection of property rights.
Which Nations Do Best at Providing Rule of Law…and Why It Matters
When I discuss rule of law (generally when explaining the various components that are used to calculate rankings of economic freedom), I often use a shortcut definition – namely that rule of law exists when government officials don’t have arbitrary power.
In other words, rule of law is present when even politicians and bureaucrats have to adhere to laws and rules.
Where is the rule of law strongest?
According to the World Justice Project, Scandinavian nations are at the top, led by Denmark.
Other European nations – and European offshoot nations – dominate the rankings (there is a benefit to Western Civilization).
A handful of East Asian jurisdictions also get good scores.
And you’ll notice I had to include 27 nations in order to see where the United States ranks.
That’s depressing...