Feb 232007

From Newsweek: China Above the Law:  A poorly functioning legal system is supposed to hurt economic growth.  But nobody told the Chinese.
This article explains how the Chinese compensate for the lack of a legal system and the “rule of law.”  Their method works, at least for now, at least as far as economic growth is concerned.   Not that we should really kill all the lawyers over here in the U.S. and do it the way China does, but this article helps us to think about why we even bother to have a legal system.  If we’re going to spend so much money on lawyers and judges, we ought to have an idea of what we’re getting for our money.  And if we aren’t, maybe some changes are needed.