We use the term “democracy” to describe our governmental structure. Characteristic of such a term evokes “everyone has a vote”, “everyone has a say”, and that the majority, of equals, should determine the outcome. This premise, no matter how noble, is flawed. In the current state of political affairs, we are witnessing tremendous vitriol, overwhelming divisiveness, that those outside of our country are wondering what reality show has gone mainstream. Or even further, might they be experiencing the implosion, if not demise of the greatest nation on earth before their eyes?
The United States is not a democracy, but rather it is a republic, and more so, a constitutional republic. Our founding fathers laid out a path for individual rights, fundamental to our existence to be overseen by “limited government”, codified in our founding documents. Democracy run afoul becomes mob-rule, where the omnipotent majority can shirk the rule of the land, the very basis of proper authority and inalienable rights. We experience the current challenges of the election cycle, where the majority states they should rule out, even if contravening the tenets of the Constitution.
We have the unfortunate situation that the electorate fails to acknowledge the brilliance of our government structure to preserve and protect the rights of all, and government is cast as the purveyor of such rights. As this is a financial rag, this view can relate to the efforts of the SEC in their quest to redefine the “accredited investor”, wherein financial status alone should not designate the opportunity to invest in certain deals. Its effort is to recognize that acumen and perspective are keenly substantive to allow for proper participation. In this election season, might there be cause to assess that those casting votes have the acumen of understanding affairs of state within the context of our Constitution? We seem unerringly dismissive of the pandering by candidates to play upon mob-rule to achieve their respective end game.
We only hope within the current theatrics that we find those that respect the nature of our republic allowing for our foundation to prosper, rather than be subjected to trite “democratic” behavior.