Take a look around the world from China to you own back yard and tell me where does honesty or "fair" play a part in capitalism?
====
rule of law is a critical concept. From the family unit, to the town, city, county, parish.....colony...state, nation....league of nations.........united nations......whatever you unit of measurement is.
I agree capitalism is victimized by greed just as communism and socialism are victimized by greed. Both politically and economically.
Do you agree steinhoff that law plays no useful role in global economics?
WTO is as useful to global economics as the UN is to global politics....is this a fair statement?