Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Semiconductor Sector – Watch the Early Bird in 2019 - 21st Jan 19
From ASEAN Economic Development to Militarization - 21st Jan 19
Will China Surprise The Us Stock Market? - 21st Jan 19
Tips to Keep Your Finances Healthy in 2019 and Beyond - 21st Jan 19
Tips for Writing Assignment in Hurry - 21st Jan 19
UK House Prices, Immigration, and Population Growth Mega Trend Forecast - 21st Jan 19
REMAIN Parliament to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 21st Jan 19
Pay Attention To The Russell Stocks Index and Financial Sectors - 20th Jan 19
Hyperinflation - Zimbabwe's Monetary Death Spiral - 20th Jan 19
Stock Market Counter-trend Extends - 20th Jan 19
The News About Fake News Is Fake - 20th Jan 19
Stock Market Bull Trap? January 22 Top Likely - 19th Jan 19
After the Crash, the Stock Market Made a V-shaped Recovery. What’s Next - 19th Jan 19
David Morgan: Expect Stagflation and Silver Outperformance in 2019 - 19th Jan 19
Why Brampton Manor Academy State School 41 Oxbridge Offers is Nothing to Celebrate! - 19th Jan 19
REMAIN Parliament Prepares to Subvert BrExit with Peoples Vote FIXED 2nd EU Referendum - 19th Jan 19
Gold Surges on Stock Selloff - 18th Jan 19
Crude Oil Price Will Find Strong Resistance Between $52~55 - 18th Jan 19
Stock Market’s Medium Term is No Longer Bullish. It is Now Mixed - 18th Jan 19
SPX and Gold; Pivotal Points at Hand - 18th Jan 19
Fable Media Launches New GoWin Online Casino Affiliate Site in UK - 18th Jan 19
The End of Apple! - 18th Jan 19
Debt, Division, Dysfunction, and the March to National Bankruptcy - 18th Jan 19
Creating the Best Office Space - 18th Jan 19
S&P 500 at Resistance Level, Downward Correction Ahead? - 17th Jan 19
Mauldin: My 2019 Economic Outlook - 17th Jan 19
Macro Could Weaken After US Government Shutdown. What This Means for Stocks - 17th Jan 19
US Stock Market Indexes Reaches Fibonacci Target Zone – Where to Next? - 17th Jan 19
How 2018 Was For The UK Casino Industry - 17th Jan 19
Gold Price – US$700 Or US$7000? - 16th Jan 19
Commodities Are the Right Story for 2019 - 16th Jan 19
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19

Market Oracle FREE Newsletter

UK House Prices, Immigration, and Population Growth Trend Forecast

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

© 2005-2018 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

6 Critical Money Making Rules