I believe this to be a cornorstone of the success of our Republic and a primary attraction of international investors. From the Article: "The causal connection between economic prosperity and efficient, fair courts is stronger than most people realize. The simple fact is that free people using free markets need a strong judicial system: Fair markets require fair courts. The freedoms and rights enumerated in the U.S. Constitution can be guaranteed only through the justice system. For instance, personal property rights need to be protected. Contracts need to be enforced or damages paid. People need to be able to rely on product safeties and warranties. Without an effective judicial system, our freedoms and our free enterprise system decay: Rights become uncertain, contracts are ambiguous, and personal property loses value. Simply put, strong, fair courts equal certainty. Arbitrary justice equals economic inefficiency and comes with a huge cost to America’s economic system. Americans’ rights need to be protected through a well-balanced system. While those who have been harmed need a fair and adequate remedy, individuals who have done no wrong need to be protected from those seeking unjust damages. And those who have done nothing wrong have the right to keep their money and to have their lack of responsibility for any alleged injury suffered by a plaintiff adjudicated quickly."
Posted on: Sat, 27 Jul 2013 12:31:43 +0000