Paul Craig Roberts Warns American Democracy Is "A Dead Man Walking"

Tyler Durden's picture

Authored by Paul Craig Roberts,

Trump’s “sell-out,” as it is called, coming on top of Obama’s eight-year “sell-out,” is instructive. We have now had a Democratic president who sold out the people who elected him and a Republican president who has done the same thing. This is a very interesting point, the meaning of which most people miss.

But not Russia’s president, Vladimir Putin. At the Valdai discussion club, Putin summed up Western democracy, which I paraphrase as follows:

In the West, voters cannot change policies through elections, because the ruling elites control whoever is elected. Elections give the appearance of democracy, but voting does not change the policies that favor war and the elites. Therefore, the will of the people is impotent.


People are experiencing that they and their votes have no influence on the conduct of affairs of the country. This makes them afraid, frusrated, and angry, a combination of emotions that is dangerous to the ruling elite, who in response organize the powers of the state against the people, while urging them with propaganda to support more wars.

Obama promised to get out of Afghanistan or Iraq or perhaps it was both. He promised to reverse the police state created by the George W. Bush regime. He promised to focus American resources on American domestic problems, such as health care.

But what did he do? He expanded the wars and launched new ones, destroyed Libya and attempted to destroy Syria, but was stopped by British non-participation and Russian objection. Obama overthrew democratic governments in Honduras and Ukraine. He expanded the police state. He began the demonization of Russia and Putin. He betrayed the American people again by allowing the private insurance industry to write his health care plan known as Obamacare. The private interests wrote a plan that diverts public monies from health care to their profits.

All of this is forgotten when the ruling elites and the presstitutes that serve only them refocused the demonization on Trump. Suddenly, it was the president-elect of the United States who was the main danger to the US and the American people. Trump was a Russian agent. He had conspired with Putin to steal the US election from Hillary Clinton and make the White House a partner of Putin’s alleged reconsruction of the Soviet Empire.

The nonsense was hot and furious, and it was effective. Trump succumbed to pressure and sacrificed his National Secuity Advisior, who was supportive of Trump’s promise to normalize relations with Russia. Trump replaced him with a Russophobic idiot who apparantly cannot wait to see mushroom clouds over cities all over the Western world.

Why did two presidents in succession completely sell out the people who voted for them?

The answer is that presidents are not as powerful as the interest groups who make the decisions.

Trump was going to get us out of Syria, so he committed an unambigious war crime by gratuitously attacking Syria with Tomahawk missiles.

Trump was going to normalize relations with Russia, so his Secretary of State announces that US economic sanctions will stay on Russia until Russia hands over to Ukraine the Russian Crimean naval base on the Black Sea.

It is impossible to normalize relations when the cost to the other party of the normalization is national suicide.

Despite Trump’s complete surrender to the powers that be, today (May 2) on NPR I heard raw propaganda dressed up as “expert opinion” that Trump is biased against the media, when what all of us have seen is massive media bias against Trump, including the program to which I was listening.

For example, NPR had accumulated “experts” who said that Trump had slandered Obama by accusing him of intercepting his comunications. NPR said nothing about the Obama regime’s charge that Trump conspired with Putin to steal the election from Hillary Clinton.

If anything was slander, this was, but all the talk was about how Obama could sue Trump.

But, of course, both are public figures, and neither can sue the other.

I wonder why NPR’s “expert” didn’t get around to this point.

Why is the ruling oligarchy still using its presstitutes to campaign against a president who has surrendered to them?

Perhaps the answer is that the real powers that be are going to make an example out of Trump so that never again does a person running for elected office make a populist appeal to the electorate.

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VWAndy's picture

 Demockery folks. How is voting going to work if they do the polar opposite of what we elect them to do? 

junction's picture

The correct term now for American democracy is "Dead Woman Walking", which describes Hillary Clinton.  Her doctors seem to have come up with a treatment for her vascular dementia, a treatment that is straight out of Dr. Frankenstein's playbook.  

One of these is not like the others..'s picture

Please do tell us the gory details.

Scrimpy's picture

So ' What can't the GLOBALIST  jew owned FED buy with the 7 trillion dollars they printed for themselves under Obama?'




Now where did I here that before?

Mother Of All Bomb's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do...

Last of the Middle Class's picture

I loved seeing her called "The butcher of Iraq" Nothing could be more fitting for the short little slime ball.


Mr. Universe's picture

Demockery, I love it. There is only one party. Just take a look at the budget deal, everything the Dems could want, yet they are the minority.

VWAndy's picture

 It sure fits nice dont it.

jjtech's picture

It doesn't matter what "democrats"(wtf?) or "republicans" want -- decisions are made elswhere, so I'd quit even mentioning those ridiculous names .... they ALL do the SAME. That means, clearly as it can be, it DOESN'T MATTER AT ALL who is elected. They all do the same....

What does that mean? That the whole system that produces those outcomes is a cancer that has to be removed. How? I'm afraid if people themselves won't rise up and knock this cancer out, than we have a mushroom cloud over our heads. This is clearly the deal.

You've got to be naive like a 5 yo child to believe that anything can be changed through the political process, because this is precisely this political process that is the problem

ThirteenthFloor's picture

"America best government money can buy". HL Mencken

Since we're on Mencken...few more getting all the more appropriate

"Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

"Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."

Cloud9.5's picture

The propaganda never stops.  Understand that the mime that we once had a democracy that is now lost is part of an ongoing effort to establish something that never was.   The oligarchs want democracy because democracy is mob rule.  Mobs are easily persuaded by propagandists and charismatics, puppets that they control.

We never had a democracy.  At best we had a republic that was separated into three realms of sovereignty.  Federal sovereignty was concentrated in the realm of interstate commerce and national defense.  State sovereignty focused on property rights, contracts and voting rights.  The sovereignty of the individual was centered on personal liberty.


Imagine some governmental figure trying to tell a sovereign citizen of the 18th century how to raise his children.  If lucky such a bureaucrat would be tarred and feathered and run out on a rail.  What we have lost is the Republic.   In the process we have lost our states’ rights and our personal freedoms.  Any of us can now be summarily executed by King POTUS.


thetruthhurts's picture

Spell check found lots of spelling errors in this piece.

What the heck Paul?

LetThemEatRand's picture

There is no free country left on this planet.   There are degrees of oligarch control.  Maybe the extreme libertarian core had it right in thinking Somalia wasn't half bad.  A few guys with guns could take that place.  Of course they would probably then set up a new government and everything would get fucked up in no time.

Mr. Universe's picture

No truer words have been spoken.

There is no free country left on this planet.

Some would tell you it's the beginning of the end of days, they could be right.

WernerHeisenberg's picture

The proof of this is Russians (who under the Tsars could bear arms and had hard currency) are under the same regimen of gun controls and fiat currency as the rest of this Slave Planet

drunkfish's picture

I used to hope that the collapse would bring about an awakening; now I just see TPTB using it as an excuse to take away the few freedoms left. Can I take the blue pill and return to the bewildered herd? At least they must feel comfort in their ignorance. Better than despair? 

Ghordius's picture

"Russians (who under the Tsars could bear arms and had hard currency)"

ahem... perhaps you mean after Tsar Alexander II "The Liberator" freed most of the Russians, who were serfs

using RT's own sources:

"The final collapse was precipitated by Russia’s embarrassingly bad performance in the Crimean war. It shocked the Emperor and convinced Russia’s leaders of the need for urgent reform in the shape of a market economy.

In 1861 all of the twenty three million privately owned serfs were emancipated following the decree issued by Emperor Alexander II, the Liberator, granting them the full rights of free citizens, to marry without having to gain consent, to own property and to own a business. However the legislation also had a drawback. The newly freed serfs were saddled with a crippling, ‘redemption tax’ to be paid to the former landowners. Many of them had to give away all their grain to pay the tax, leaving them with nothing to survive on. In 1866, emancipation followed for the twenty three million state owned serfs. Unlike the privately owned ones, they received larger plots of land to make a living from.    

Serfs had a perpetually miserable time throughout history. Even after their supposed ‘emancipation’ their conditions barely improved. Eventually their anger would contribute to the revolution that destroyed the Tsarist system that enslaved and then tried to free them. "

gswifty's picture

East and west, twins of the same birth.

Scrimpy's picture

Russia is 'the last free white run country, and has to go'!



Now where did I hear that before?



Lost in translation's picture

Welcome to the New Age Roman Empire.

Hail, Caesar!

quasi_verbatim's picture

It's time for the US ruling oligarchy to come out of the shadows and stand in the fierce light of the public's adulation.

In England, we are dispensing with Parliamentary representative democracy on June 8th and going for a one-party state fronted by Gloriana II. As things have been they remain.

Ms No's picture

I agree.  Look at how much money we are spending on this farce of having an executive, judicial and legislative.  They need to fire these fuckers and just come out from behind the curtain.  Hopefully they execute them in the process. 

Ms No's picture

"Perhaps the answer is that the real powers that be are going to make an example out of Trump so that never again does a person running for elected office make a populist appeal to the electorate."

That's probably exactly what it is, plus they want to push Marxism to it's usual end point and destroying what people think of conservative viewpoints will facilitate this. 

Trump is an idiot.

BigCumulusClouds's picture

It's sad that so many now think the founding fathers gave us a democracy when they despised democracy. Republic was the intention, and it lasted until Wilson.

HopefulCynical's picture

You misspelled Lincoln.

Wilson was the final nail. Lincoln built the goddamned coffin.

Nomad Trader's picture

I am a Nomad. I belong to no state or country. I have no president, prime minister, or leader. I was part of a huge wave of people who rejected the western world and all the bullshit of bailouts/privatisations/QE in 2008. Now, almost a decade later, none of us have returned. We live where we want, do what we want, and I can tell you - our lives are happier without leaders, wars and news. There is a big world out there waiting for you. One in which leaders are still corrupt, but that the people just don't care. Now tell me, which is better? (Expert tip: you can't know by guessing)

Ms No's picture

Sorry friend but they call it globalism for a reason.  Unless it falls on it's face real quick this is a fight for all of humanity.  People have been running from the banking scourge for centuries and succeeding until they show up.  Running wont work for much longer.

roddy6667's picture

I have chosen the same path. I spend most of my time inside China, but I like other countries in that part of the world. Just returned from a week in Thailand. Very tolerant country that has moved its people from poverty to middle class in 15 years. No wars, low cost, great food, beautiful women, what's not to like? For me, it's the heat. In late April it was 94 degrees with a Real Feel of 114. I can not imagine July through September. For people who like the heat, I think it is ideal.

ds's picture

Sorry, there is no energy within and ouside US to listen to PCJ's  sermons. Another whistle in the dark ? Survival is adaptation to one disequibrium from your values to another disequiibrium. Focus on shedding the bags and baggages of your values as you adapt in this Jungle.

waspwench's picture

I don't know what "They" have got on Trump, have offered to Trump, have threatened Trump with, but it is increasingly clear that the rest of us are screwed big time.

Gallumhrasha's picture

socialism- government controls the businesses

capitalism- businesses controls the government

= we're fucked either way


Batman11's picture

Globalization is falling into a black hole of its own ignorance and we have probably already gone through the event horizon.

At the very heart of globalization, myths and superstitions abound as to the very nature of money and debt.

A recent study has shown monetary theory has been regressing for the last one hundred years.

Credit creation theory -> fractional reserve theory -> financial intermediation theory

“The movement from the accurate credit creation theory to the misleading, inconsistent and incorrect fractional reserve theory to today's dominant, yet wholly implausible and blatantly wrong financial intermediation theory indicates that economists and finance researchers have not progressed, but instead regressed throughout the past century. That was already Schumpeter's (1954) assessment, and things have since further moved away from the credit creation theory.”

The globalization project was undertaken at the worst possible time.

The monetary system works in a defined way, but no one seems to be sure what it is.

There are some members of the BoE, who know how it works and are familiar with the “credit creation theory” of money, but are unable to develop the theory to realise its full implications.

“Although commercial banks create money through lending, they cannot do so freely without limit. Banks are limited in how much they can lend if they are to remain profitable in a competitive banking system.”

The limit for money creation holds true when banks keep the debt they issue on their own books.

When they can securitize bad loans and sell them into the market they can create money freely and without limit as they attempted to do in the run up to 2008.

The full implications of the “credit creation theory” of money help you to understand why austerity has been such a disaster in Greece. If the private sector start paying down debt and not taking out new loans, the money supply contracts. You cut Government borrowing, the money supply contracts even faster leading to debt deflation.

When you understand money, everything becomes so much clearer. 

Richard Koo can talk you through the post 2008 world in terms of the money supply, money and debt and show why Greece can never recover with the ideas coming from the Troika.

You need to understand the "credit creation theory" of money first, probably why the Troika are in so much trouble.

The ubiquitous neo-liberal, real estate booms and busts play out across the world with no one able to see the real dangers. Australia and Canada will soon find out.

If you haven’t established the way the money supply, money and debt really work what can you build on these foundations?

A globalisation that gets sucked into the black hole of its own ignorance.

From this fundamental ignorance, you develop an economics that doesn’t look at debt in its models.

Those that were looking at debt, the core of the new enlightenment, saw 2008 coming before it arrived.

Batman11's picture

Myth and superstition abound.

Today’s ideal is small state, raw capitalism, which has existed before so we can look back to see what it was like.

All Adam Smith had to do was observe small state, raw capitalism in action.

Adam Smith had seen it all before in the 1700s.

Adam Smith on rent seeking:

“The labour and time of the poor is in civilised countries sacrificed to the maintaining of the rich in ease and luxury. The Landlord is maintained in idleness and luxury by the labour of his tenants. The moneyed man is supported by his extractions from the industrious merchant and the needy who are obliged to support him in ease by a return for the use of his money. But every savage has the full fruits of his own labours; there are no landlords, no usurers and no tax gatherers.”

So, landlords, usurers and taxes all raise the cost of living and minimum wage. They suck purchasing power out of the real economy.

Western housing booms have raised the cost of living and priced Western labour out of international markets leading to the rise of the populists.

Trickledown, no it trickles up.

Adam Smith on price gouging:

“The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public. To widen the market and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can serve only to enable the dealers, by raising their profits above what they naturally would be, to levy, for their own benefit, an absurd tax upon the rest of their fellow-citizens.”

So this is why hedge funds look for monopoly suppliers of drugs.

Big is not beautiful in capitalism, it needs competition and lots of it.

The interests of business and the public are not aligned.

Adam Smith on lobbyists:

“The proposal of any new law or regulation of commerce which comes from this order ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.”

Not surprising TTIP and TPP didn’t go down well with the public.

The interests of business and the public are not aligned.

Adam Smith on the 1%:

“All for ourselves, and nothing for other people seems, in every age of the world, to have been the vile maxim of the masters of mankind.” 

2017 – Richest 8 people as wealthy as half of world's population

They haven’t changed a bit.

Adam Smith on Profit:

"But the rate of profit does not, like rent and wages, rise with the prosperity and fall with the declension of the society. On the contrary, it is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin."

Exactly the opposite of today's thinking, what does he mean?

When rates of profit are high, capitalism is cannibalising itself by:

1) Not engaging in long term investment for the future

2) Paying insufficient wages to maintain demand for its products and services

Today’s problems with growth and demand.

Amazon didn't suck its profits out as dividends and look how big it's grown (not so good on the wages).


“Income inequality is not killing capitalism in the United States, but rent-seekers like the banking and the health-care sectors just might” Angus Deaton

A 21st century Nobel Prize winning economist begins to catch up with the 18th Century Adam Smith.




Batman11's picture

“The End of Alchemy” Mervyn King

 About bleedin’ time, eh Merv?

Dude-dude's picture

PCR is a cool dude.  But, there is more to statecraft than he lets on. Even Reagan bolstered spending in the nuke and space arms-race 'to achieve nuclear parity' to what was promoted in the media were the number of nukes the Soviets had.  This was the precondition for Reagan to enter into reduction talks.  In any event, PCRs memory is selective.  Trump's so called attack on a Syrian runway had inconsequemtial effect.  Trump was fighting-off the MSM's continuous barage of Trump is Putin's bitch propaganda.  That Putin dude btw is one smart dude because he recognized it before it happaned and made sure the Russians didn't respond except in words.  The cruise missiles that 'missed' were probably preprogrammed to self-destruct, and the ones that 'hit' didn't seem to have much of a punch.  The runway was operating the next day.  The MiG 23s in the hangers were probably junk - the Syrians were maybe trying to get them to fly - maybe they would have flown some-day in the future. Maybe not. They're more concerned about keeping the ones that fly in good condition.  Six people, Six! supposedly die.  We don't really know.  But note that despite the one hour 'warning' call, there were people there.  The place couldn't be empty at the time of strike now could it?  Putin's military had an hour's warning - does anyone think they kept their mouths shut about it with the Syrians who were about to be bombed?  With an hours' notice they could have put fighters in the air and prepped their S-300 / S-400s - but they didn't.  It was a specticle.  It silences the media about Putin, then Trump does a quick pivot to North Korea - Syria and Russia are off the radar, and broker the beginnings of a peace deal with Turkey and Iran).  And Russia and the USA are talking cooperation again, though doing it quietly.  Don't underestimate the Trump.  He's maneuvering the IC, the neocon and neolib warmongers, and the MIC.  This is 3-d chess, not checkers. 

PaulMalley's picture

Occam's razor is often cited in stronger forms than Occam intended, as in the following statements. . .

"If you have two theories that both explain the observed facts, then you should use the simplest until more evidence comes along"

"The simplest explanation for some phenomenon is more likely to be accurate than more complicated explanations."

"If you have two equally likely solutions to a problem, choose the simplest."

"The explanation requiring the fewest assumptions is most likely to be correct."


                  Two states are competing with each other for scarce resources


1) They will come to a complex arrangemnet by which they share resources

2) They will attempt to physically destroy each other


Use the above theorem to give a prediction.







Akhenaten II's picture

One correction.

"Perhaps the answer is that the real powers that be are going to make an example out of Trump so that never again does a person running for elected office make a populist appeal to the electorate."

There will not be another election.  This is it. We are cooked. WWIII is the next play. 

Ed Jobb's picture

Love PCR - Doom porn king.

One day he'll be right, till then... Yawn, just kick the can down the road!

Davidduke2000's picture

People who are never prepared suffer the most, do not ask why when things go bad.

CultiVader's picture

I'm just gonna crack a beer and watch the playoffs. Ahhhhh, insouciance.

turkey george palmer's picture

I suspect that what some folks who know lots more than me are talking about is a correction to the entire industrial age. Let's hope the entire industrial age doesn't go back to when it was discovered how to make fire or the Georgia stone may be hopeful thinking

Redneck Makin-tosh's picture

Dont know nuthin about murraycan democracy but I sure have a growing issue with hippocracy, abrief google suggests I am not alone:

DEMIZEN's picture

even russians think bad of gorbatcho for letting soviet union fall appart. Soviet union was probably even more fucked up than current state of affairs in US, and still looking back people believe it was a bad idea to let chaos reign. 

I am quite sure, the chosen tribe will hold the strings unitl it can. and will never repeat gorbatchov mistakes.

roddy6667's picture

Alexander Tyler
A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury.? ?From that moment on,? ?the majority always votes for the candidates who promise the most benefits from the public treasury,? ?with the result that every democracy will finally collapse due to loose fiscal policy.

The typical American believes freedom and democracy are synonyms.? ?In fact they are antonyms.
The example most commonly used is the image of two foxes and a hen voting on whether to have chicken for dinner.

U.? ?S.? ?Army Training Manual No.? ?2000-25? (?1928?)
?"Democracy, n.:
-? ?A government of the masses.
-? ?Authority derived through mass meeting or any other form of
direct expression.
-? ?Results in mobocracy.
-? ?Attitude toward property is communistic...? ?negating property rights.
-? ?Attitude toward law is that the will of the majority shall regulate,
whether it is based upon deliberation or governed by passion,? ?prejudice,
and impulse,? ?without restraint or regard to consequences.
-? ?Result is demagogism,? ?license,? ?agitation,? ?discontent,? [?chaos?]?.?"

James Madison,? ?father of the Constitution, in the Federalist Papers
?“Democracies . . . have ever been found incompatible with personal security or the rights of property; and have in general been as short in their
lives as they have been violent in their death.?”
?Democracy is 2 wolves and a sheep deciding what to have for lunch, and its got to a point now where the 'sheep' in this is the productive citizen. The unproductive part of society is the majority who demand more than they give, and they will vote to take more of that distribution.
“Democracy only works until people realize they can vote themselves an ever bigger piece of the pie”
“Measures are too often decided, not according to the rules of justice and the rights of the minor party, but by the superior force of an interested and overbearing majority.”

?Benjamin Franklin
After the Constitution was ratified,? Ben Franklin? was asked,? “?What form
of government have you given us,? ?Mr.? ?Franklin??”
His answer: ?“A republic if you can keep it.”

“When the people find that they can vote themselves money, that will herald the end of the republic.”
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"

For those of you who incorrectly believe that the United
States is supposed to be a democracy,? ?just check the Constitu-
tion.? ?The word democracy does not appear once.? ?However,? ?Arti-
cle IV,? ?Section IV,? ?reads,? “?The United States shall guarantee to
every State in this Union a Republican Form of Government.?” ?If
you are still unclear,? ?just recite the? “?Pledge of Allegiance?” ?and
listen carefully to the words.

Patrick J.? ?Buchanan
Our one-man,? ?one-vote democratists who would remake the world in our image and whose ideology has guided foreign policy for the Bush-Obama decade failed to understand what our Founding Fathers taught:
A democracy,? ?which they detested,? ?empowers majorities to tyrannize minorities.? "?In questions of power,?" ?Jefferson admonished,? "?let no more be heard of confidence in man,? ?but bind him down from mischief by the chains of the constitution.?"
Democratize the Middle East along one-man,? ?one-vote majority-rule principles,? ?without guarantees of minority rights,? ?and majority tribes and sects will use their democratically won power to crush those minorities.

Winston Churchill
?"The best argument against democracy is a five-minute conversation with the average voter.”

John Adams
Democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.

Thomas Jefferson
“A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.”

Gore Vidal
The late Gore Vidal said "by the time a candidate gets to be presidential material, he or she has been bought ten times over."
"There is only one party in the United States, the Property Party (with) two right wings: Republican and Democrat," he explained.

Unknown on Zerohedge
“There are many publics who each have their own interests.
The auction goes to the highest bidder.
This is called lobbying.
Even though the elections go to majority rule, the individual issues go to a very small and wealthy minority.
We pick the DJ, they pick the songs.
This is called democracy.
Shut up and dance boys and girls, and help yourselves to the Kool-Aid."

George Bernard Shaw
“A government with the policy to rob Peter to pay Paul can be assured of the support of Paul.”

There are fewer and fewer horses pulling the wagon.  The ones that are still pulling are looking behind them and going, why the fuck should I pull when I could sit in the wagon with the rest of the horses.  Pretty soon the wagon stops moving.  Thats our democracy in a nutshell.

Fuck democracy.  Democracy is 51 people voting to hang the other 49 people and take their stuff.
You vote because you  want to impose your personal preferences upon your neighbors, using the force of State.
That is the whole of it.
So, fuck you and your "democracy".

HL Mencken
"Democracy is a pathetic belief in the collective wisdom of individual ignorance."

H.L. Mencken, Notes on Democracy
“Democracy is a pathetic belief in the collective wisdom of individual ignorance. No one in this world, so far as I know—and I have researched the records for years, and employed agents to help me—has ever lost money by underestimating the intelligence of the great masses of the plain people. Nor has anyone ever lost public office thereby.”

The Founding Fathers held a deep abhorrence for democracy and majority rule. In fact, the word democracy appears nowhere in the Declaration of Independence or the Constitution.

Edmund Randolph
“That in tracing these evils to their origin,
every man had found it in the turbulence and follies of democracy.”

Chief Justice John Marshall
“Between a balanced republic and a democracy, the difference is like that between order and chaos.”

Peter Schiff-Crash Proof
Pundits will argue that China’s economic viability is limited be-
cause it is not a democracy.? ?I say the opposite is true,? ?that it is
precisely because it is not a democracy that China will likely be
so successful.
What is of vital importance for economic success is economic
freedom,? ?meaning the protection of private property,? ?the
rule of law,? ?and minimal regulation and taxation,? ?not the right
to vote.? ?One could reasonably argue that with economic free-
dom,? ?free elections are of secondary value,? ?and without it,? ?vot-
ing? (?suffrage?) ?has no value.? ?A choice between oppressors is
tantamount to no choice at all.? ?Remember,? ?the old Soviet Union
had elections and almost everybody voted,? ?the alternative being
frozen toes in Siberia.
The word democracy is used loosely these days,? ?and it is useful
to remember that one of the primary reasons for America’s
early economic success was that our founding fathers recog-
nized a distinction between democracy,? ?which they understood
as populist government with counterproductive implications
for capitalism,? ?and republican government,? ?which stressed
checks and balances,? ?such as the Electoral College and stag-
gered senatorial terms,? ?designed to keep the evil forces of
democracy at bay.?