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> Take one example: the fact that if I sign a contract I will feel legally obligated to follow through on it. This provides tremendous social good (billions of
by baddox 11y ago
> Take one example: the fact that if I sign a contract I will feel legally obligated to follow through on it. This provides tremendous social good (billions of dollars worth), but it's very hard to quantify exactly how much.
It's not so clear how much of a service the government is providing there. Do you eagerly sign contracts with people you suspect would cheat you if they thought they could get away with it?
- morgante 11y ago> Do you eagerly sign contracts with people you suspect would cheat you if they thought they could get away with it? Yes, especially you include corporations as "people." Without the rule of law, I'm quite sure that corporations would find even more ways to generally break contracts and not honor their commitments.