'''Rule of law''' is a basic [[conservative]] principle of governance by laws, not men. Rule of law requires fidelity and adherence to rational, objective laws, and respect for their plain meaning, rather than arbitrary rule by personal whim. Generally, countries with a higher level of rule of law have a higher level of economic output compared to those countries with a lower level of rule of law. | '''Rule of law''' is a basic [[conservative]] principle of governance by laws, not men. Rule of law requires fidelity and adherence to rational, objective laws, and respect for their plain meaning, rather than arbitrary rule by personal whim. Generally, countries with a higher level of rule of law have a higher level of economic output compared to those countries with a lower level of rule of law. |