Governing and the Rule of Law

Source: EconLog

“It is not because a law has been democratically and duly adopted that it necessarily exemplifies the rule of law. It is not because democratically elected politicians govern that governing is good. One current example is given by the US and EU governments siding against Apple and in favor of its developers (outside suppliers) and competitors, under some antitrust ‘laws’ that pretend to determine what consumers want. Another of the myriad of cases that could be cited is the US government siding with the United Steelworkers against US Steel which wants to strike a bargain with Nippon Steel.” (03/28/24)