It is impossible to exaggerate the enigma within the term “capitalism.” It is in fact one of those big concepts concocted by its enemies, indeed by its chief antagonist Karl Marx. To this very day its central concepts of market and “trickle down” are questioned from the American president to the pope. Even its supporters cannot agree on what it is or even when it began.
This month’s Liberty Forum debate on the relationship between the inherited common law norms of liberty and our written Constitution also opens to a conversation on the comparison between civil law and common law and the degree to which each system protects liberty and permits fruits of liberty like commerce and jurisdictional competition to flourish. In this post I point to some comparative strengths each system possesses and the prerequisites to their successful operation which may no longer be operative.
A good way to explore the nature and implications of the rule of law in a free society is to compare the Civil Law of Europe with the Common Law traditions of England and America. Harold Berman’s second volume of Law and Revolution invites just such an exercise by examining the influence of the Reformation on both. What follows are some general reflections that were raised in my mind by that reading and current events, These should not be taken as final conclusions,but merely points for further conversation with respect to how both systems relate to liberty.