The experience of “bandit capitalism” or “tyrant capitalism” in postcommunist societies shows that markets cannot work properly without a community of trust and mutual respect. Such a community can be achieved only where there is a rule of law, applied by able and independent judges.
About the Author
Charles Fried is Beneficial Professor of Law at Harvard University Law School. Born in Prague, he has served as Solicitor General of the United States (1985-89) and as an Associate Justice of the Supreme Judicial Court of Massachusetts (1995-99). His publications include Contract as Promise (1981) and Order and Law: Arguing the Reagan Revolution (1991).
Modest progress in the muslim-majority countries is complemented by mass mobilization for democracy and freedom in Ukraine. Meanwhile, Russia ranks as Not Free for the first time since the fall…
Read the full essay here. The twenty years since 1989 have brought two major developments in worker activism. First, whereas workers were part of the mass uprising in the Tiananmen…