Law and Social Power
Stripped of all technicalities, (the rule of law) means that government in all its actions is bound by rules fixed and announced beforehandrules which make it possible to foresee with fair certainty how the authority will use its collective power . . .
Friedrich A. Hayek
Law as a phenomenon distinct from the political command of the sovereign is possible only if it manifests itself as a general law. In a society which cannot dispense with power as a principle, complete generality of law is impossible.
Unemployment, depression, and despair represent the most visible reminders of the domestic steel crisis. Yet another side of the deindustrialization of the U.S. steel industry lies hidden behind the more obvious tragedy of massive plant shutdowns. The erosion of laws manifests the less visible aspect of the decline of America's smokestack industries. As noted in the introductory chapter above, one theme running throughout this work is the contention that in the epoch of giant corporations with conflicting economic interests, public officials frequently view the rationality provided by law as too costly. The need to sacrifice laws is especially apparent in the arena of international trade where some industries, such as steel, have lost their international productive edge. Indeed, steel's decline presents policymakers with an apparently insoluble dilemma: the sheer size and importance of domestic steel to the economy preclude the industry's continued dismantlement; legislated protectionism, however, may lead to a trade