Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stock Market Rip the Face Off the Bears Rally! - 22nd Dec 24
STOP LOSSES - 22nd Dec 24
Fed Tests Gold Price Upleg - 22nd Dec 24
Stock Market Sentiment Speaks: Why Do We Rely On News - 22nd Dec 24
Never Buy an IPO - 22nd Dec 24
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

United States Was Founded as a Constitutional Republic and Not a Democracy

Politics / US Politics Nov 03, 2008 - 07:02 PM GMT

By: Ayn_Rand

Politics Best Financial Markets Analysis ArticleAlex Epstein writes: Every Election Day, politicians, intellectuals, and activists propagate a seemingly patriotic but utterly un-American idea: the notion that our most important right--and the source of America's greatness--is the right to vote. According to former President Bill Clinton, the right to vote is “the most fundamental right of citizenship”; it is “the heart and soul of our democracy,” says Senator John McCain.


Such statements are regarded as uncontroversial--but consider their implications. If voting is truly our most fundamental right, then all other rights--including free speech, property, even life--are contingent on and revocable by the whims of the voting public (or their elected officials). America, on this view, is a society based not on individual rights, but on unlimited majority rule--like ancient Athens, where the populace, exercising “the most fundamental right of citizenship,” elected to kill Socrates for voicing unpopular ideas--or modern-day Zimbabwe, where the democratically elected Robert Mugabe has seized the property of the nation's white farmers and brought the nation to the verge of starvation--or Germany in 1932, when the people democratically elected the Nazi Party, including future Chancellor Adolph Hitler. Would anyone dare claim that America is thus fundamentally similar to these regimes, and that it is perfectly acceptable to kill controversial philosophers or to exterminate six million Jews, so long as it is done by popular vote?

Contrary to popular rhetoric, America was founded, not as a “democracy,” but as a constitutional republic--a political structure under which the government is bound by a written constitution to the task of protecting individual rights. “Democracy” does not mean a system that holds public elections for government officials; it means a system in which a majority vote rules everything and everyone, and in which the individual thus has no rights. In a democracy, observed James Madison in The Federalist Papers , “there is nothing to check the inducements to sacrifice the weaker party or an obnoxious individual. Hence it is that such democracies have ever been spectacles of turbulence and contention [and] have ever been found incompatible with personal security or the rights of property.”

The right to vote derives from the recognition of man as an autonomous, rational being, who is responsible for his own life and who should therefore freely choose the people he authorizes to represent him in the government of his country. That autonomy is contradicted if a majority of voters is allowed to do whatever it wishes to the individual citizen. The right to vote is not a sanction for a gang to deprive other individuals of their freedom. Rather, because a free society requires a certain type of government, it is a means of installing the officials who will safeguard the individual rights of each citizen.

What makes America unique is not that it has elections--even dictatorships hold elections--but that its elections take place in a country limited by the absolute principle of individual freedom. From our Declaration of Independence, which upholds the “unalienable rights” of every individual, among which are “life, liberty and the pursuit of happiness,” to our Constitution, whose Bill of Rights protects freedom of speech and the freedom of private property, respect for individual liberty is the essence of America--and the root of her greatness.

Unfortunately, with each passing Election Day, too many Americans view elections less as a means to protect freedom, and more as a means to win some government favor or handout at the expense of the liberty and property of other Americans. Our politicians promise, not to protect the basic rights spelled out in the Declaration and the Constitution, but to violate the rights of some people in order to benefit others.

Today's politicians want capital for failing banks--by forcing non-failing Americans to pay for them; subsidies for farmers--by forcing non-farmers to pay for them; prescription drugs for the elderly--by forcing the non-elderly to pay for them; housing for the homeless--by forcing the non-homeless to pay for it. The more “democratic” our government becomes, the more we cannibalize our liberty, ultimately to the detriment of all.

This Election Day, therefore, we should reject those who wish to reduce our republic to mob rule. Instead, we should vote for those, to whatever extent they can be found, who are defenders of the essence of America: individual freedom.

By Alex Epstein

www.aynrand.org

Alex Epstein is an analyst at the Ayn Rand Center for Individual Rights. The Ayn Rand Center is a division of the Ayn Rand Institute and promotes the philosophy of Ayn Rand, author of “Atlas Shrugged” and “The Fountainhead.”

Copyright © 2008 Ayn Rand® Center for Individual Rights. All rights reserved.

Ayn Rand Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

totalclarity
05 Nov 08, 02:08
I fully agree! :-)

Well written article!


C.J. Daubenspeck
10 Nov 08, 00:11
Politics/Us Politics

Yes, we were founded as a Republic for the simple reason that Democracy yields Socialism, yields Communism yields tyranny.

Those who believe they have the answer have not lived a day under tyrannical rule... yet.

We are well on our way to being ingested into the ruse of a national statehood much like the EU and people are going to buy into it as if it were the next best thing to sliced bread.


tom
28 Jan 09, 15:04
There is no right to vote.

There is no "right to vote" in the constition. (If that's what you said, sorry I missed it.)


Gary
06 Mar 12, 14:11
What's left

If our founding fathers were to somehow appear in our time

and found out what this country has come to, versus what they had hoped to establish, THEY WOULD NOT BELIEVE IT !


Post Comment

Only logged in users are allowed to post comments. Register/ Log in