Thursday, May 24, 2007

OPEC Is Not in the House

From Jerry Taylor and Peter Van Doren at National Review Online

What exactly gives the Congress the right to impose its economic regulations on state-owned companies that, for the most part, aren’t doing business in the United States? Do all national governments have this right, or only the United States? If the former, what’s to prevent Saudi Arabia from declaring it illegal for U.S. banks to charge interest on loans — an activity ostensibly banned in many Islamic countries? If the latter, then it’s a naked statement that U.S. policy is premised upon the idea that the biggest guy on the playground makes the rules for everyone else whether they like it or not. That is, might makes right. But if so, wouldn’t those forced against their will to live under U.S. law rightly argue that subjects of governmental power ought to have a right to vote about the laws they are compelled to live under? Or is that a right that only applies for some and not others?

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