IBackground
(Laws, rules and regulations are what most societies are based on today.)
II
Disadvantages of rule of law
(in my understanding, rule of law is the principle that no one is above the law)
(1)RIGHTS: It is true laws may restrict individuals' freedom to some extent since essentially, laws set forth individuals' obligations for society, such as paying taxes and raising their offspring.)
(2)FUN: Some laws deprive individuals of their freedom to enjoy amusements that are considered offensive in specific societies.
III
Advantages of rule of law
(1)SOUL: Laws afford citizens a sense of safety.
(2)CRIME：Laws are effective ways to deter criminal acts
(3)COMPETITION: Laws and regulations are effective means to ensure fairness in corporate competitions （For example, the ongoing subprime mortgage crisis is due to the rampant violation of related loan rules.)
(4)EFFICIENCY: Without laws and rules, society would be in chaos and our efficiency at work would decline substantially.
IV
Conclusion: Laws are an indispensable part of a healthy modern society. On the other hand, the authorities should ensure legislation is not overly stringent and the enforcement of laws does not violate citizens' rights.
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