  The Right Coast has a urlLink take on Francis Fukayama's recent piece in the WSJ.&nbsp; The basic rules of state formation, practically, not theoretically, are discussed.&nbsp; Privatization versus the rule of law - which is more vital? I'll cop out early on this one.&nbsp; The lack of privatization frustrates the rule of law, and vice versa.&nbsp; Privatization can only occur in an atmosphere where property rights are recognized and can be expeditiously enforced.&nbsp; The rule of law is meaningless for society if there is no privatization.&nbsp; The rule of law would be the state, as there are not assets for private actors to operate through.&nbsp; Interesting question, though. More can certainly be written on it. And may be later. 
