Across the globe and throughout history as far back as the Roman Empire and Genghis Khan (1200AD) law and order has played an important role. The common denominator in every prosperous country is law and order. Trust in the legal system allows businesses to grow.
If a country, province, state, or even a city does not have laws to protect persons and property the economy will not get established. Private property will not be recognized and thus can be looted, stolen, destroyed, or taken over by the government. There will not be any reason to work hard and create goods or services if that output is not the property of those who worked for it!
Investors will not loan money to entrepreneurs with creative ideas if those investments are not protected by law. Businesses always start small and grow as money becomes available to expand. If there is no private property protected by laws, then there is no collateral. Investors will not be protected with liens.
Growing businesses create goods and services for the general public, often making life better. Businesses pay taxes which are used to provide services to the people. And-businesses provide jobs! The economy at every level is just a collection of transactions between producers and consumers. Goods to sell to those with money. Those simple transactions must be protected by laws.
Currently, there are many Third World countries without laws to protect citizens and property rights. This is the fundamental reason these countries are poor. There are 55 countries in Africa, many with vast natural resources but most are very poor. Government corruption, despotic leaders, lack of law and order are the reasons these countries are poor. Most citizens of these poor countries work “off the books” in jobs not recognized by any legal system. The Democratic Republic of the Congo is larger than France and has vast natural resources, yet its GDP is $47 billion, compared to $2.778 trillion for France. Lack of law and order and government corruption is the reason DRC does not have a prosperous economy.
America has drifted away from a country of strict law and order. Race riots in the 1960’s caused major cities to suffer financially. Many businesses were destroyed and not re-built. Jobs in the cities disappeared. The economy suffered and public services declined. More recently, race riots in 2020 occurred across the US. Thousands of buildings were destroyed Many businesses were lost. Jobs are gone. No taxes to collect which again lead to a decline in public services including schools.
Bail reform and no cash bail policies plus reducing police budgets have led to lawlessness, property damage, theft, personal injury/deaths and population decline in many major cities. Crime rates in these cities are at record highs. This is very bad for the economy, and thus for the tax base which provides services including law enforcement.
A strong economy serves all people. Prosperity creates an improved quality of life. Law and order form the base of any strong economy and has been demonstrated across the globe for 2000+ years.
High Truths and Low Lies 