Today a smart, well-traveled, experienced, knowledgeable guy was telling me that "rule of law" is a concept that we need to stop worrying about. Strongly disagreeing, I asked why. After he explained why, it became clear that he was working with a significantly different definition of "rule of law" than I knew of. It reminded me of recent discussions here and elsewhere over definitions of culture, torture, and terrorism. Given his definition of "rule of law" I agreed that it is not something that we need to worry about. If "rule of law" = his definition, then rule of law is not important. If "rule of law" = my definition, then rule of law is important.

Just curious, what is your understanding of what "rule of law" means? (And feel free to cite as many definitions as you wish if you want to poo-poo someone else's definition).