Monday, September 12, 2011

When did we go wrong?

"THE THIRD charge against the House of Representatives is, that it will be taken from that class of citizens which will have least sympathy with the mass of the people, and be most likely to aim at an ambitious sacrifice of the many to the aggrandizement of the few. Of all the objections which have been framed against the federal Constitution, this is perhaps the most extraordinary.  Whilst the objection itself is levelled against a pretended oligarchy, the principle of it strikes at the very root of republican government. The aim of every political constitution is, or ought to be, first to obtain for rulers men who possess most wisdom to discern, and most virtue to pursue, the common good of the society; and in the next place, to take the most effectual precautions for keeping them virtuous whilst they continue to hold their public trust."

- Alexander Hamilton or James Madison, Federalist No. 57, "The Alleged Tendency of the New Plan to Elevate the Few at the Expense of the Many Considered in Connection with Representation", New York Packet, 1788-02-19

"Public good" or "common good" appear 26 times in the Federalist Papers.  "Business" appears 26 times but almost always in the context of the business of government.  "Corporation" appears seven times, but only twice in the sense of business.  One is that the King of England has authority to establish corporations but the President of the United States does not.  The other is how laws have not become perfect, including the law of corporations.

Now we have for rulers men who possess most wisdom to discern, and the most virtue to pursue, the private good of corporations.

So much for following the intent of the "Founding Fathers".