... it is precisely because it is not a democracy that China will likely be so successful...What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote. (Peter Schiff)

... it is precisely because it is not a democracy that China will likely be so successful...What is of vital importance for economic success is economic freedom, meaning the protection of private property, the rule of law, and minimal regulation and taxation, not the right to vote.

Peter Schiff

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freedom law likely meaning property regulation right rule success taxation vital

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We are still a model in ways economic and non-economic. When I say things non-economic, I would include governance - and rule of law is a key element. Many, I sincerely believe they tell the truth, say that they still look to Hong Kong for inspiration.

Leung Chun-ying

The right to vote is a consequence, not a primary cause, of a free social system-and its value depends on the constitutional structure implementing and strictly delimiting the voters' power; unlimited majority rule is an instance of the principle of tyranny.

Ayn Rand

Try to imagine a regulation of labor imposed by force that is not a violation of liberty; a transfer of wealth imposed by force that is not a violation of property. If you cannot reconcile these contradictions, then you must conclude that the law cannot organize labor and industry without organizing injustice.

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Everyone knew that democracy - direct rule by all the people - required such spartan, soul-denying virtue on the part of all the people that it was likely to survive only where poverty made upright behavior necessary for the perpetuation of the race.

Bernard Bailyn

If the prosecution of crime is to be conducted with so little regard for that protection which centuries of English law have given to the individual, we are indeed at the dawn of a new era; and much that we have deemed vital to our liberties, is a delusion.

Learned Hand