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December, 2012 | ||||
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What is America's greatest achievement?
We hear a lot from the Middle East and Africa today, with people in the streets marching for individual rights, for freedom and for liberty, but wishing for these things won't bring them about - neither for the individual, nor for a nation. Political freedom requires much more than mere wish; it requires well reasoned political theory, and a plan to implement it in practice. This naturally takes us back to the Founding Fathers of America, and their efforts to create a foundation for both liberty and prosperity.
The Founders struggled mightily to build a nation, debating theories from Aristotle to John Locke, but after all the arguments had been heard, they understood that in the end, the priority was not to base a system on "majority rule", but on its very opposite - to craft a structure designed to protect both individual and property rights. The Constitutional system of checks and balances was specifically designed for the purpose of protecting the individual, and for giving land owners the confidence needed to build wealth and to prosper. This is America's greatest achievement. Author Ayn Rand examines these issues in her 1962 book Capitalism: The Unknown Ideal, and we borrow these lines from her which continue to resonate today: "In 1917, the Russian peasants were demanding: "Land and Freedom!" But Lenin and Stalin is what they got. In 1933, the Germans were demanding: "Room to live!" but what they got was Hitler. In 1793, the French were shouting: "Liberty, Equality, Fraternity!" What they got was Napoleon. In 1776, the Americans were proclaiming "The Rights of Man" - and, led by political philosophers, they achieved it." (Let's hope the "huddled masses, yearning to be free" remember this lesson!)
William Gallwas, President of Striker Securities, Inc.
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