Contracts matter. The ability for two parties to create a contract and to have reasonably secure knowledge that the state will still in and enforce the terms of

Contracts matter. The ability for two parties to create a contract and to have reasonably secure knowledge that the state will still in and enforce the terms of the contract, using violence if necessary, is a massive foundational element to free market capitalism. We see in states where such an expectation is not present, that it becomes an enormous invisible drag on all business activity and degrades the civic functioning of society. One of the crowning achievements of Western Liberalism was the concept of "rule of law" and that there would exist an impartial, powerful judiciary independent of political power that could bring massive resources to bear to enforce contracts.