In the forward to The People’s Pottage, Garet Garrett points out the semantic changes of words such as freedom and sovereignty that occurred during the two decades prior to his writing. After the recent Obama commencement address at the University of Michigan, we could add republic and democracy to his list. For while in his introductory remarks the president recalled the often told story of Ben Franklin after the Constitutional Convention responding to an inquirer that we had a republic if we can keep it, he then proceeded to give his view of what is needed to preserve our “democracy” not our republic. As Franklin said though, a republic is what our founders left us, not a democracy. Democracy, with all of its failings, is what the founders warned against and what’s been forced on us as our republic has been destroyed.
Now that Michigan graduates have heard Obama’s recipe for preservation they would do well to review Ron Paul‘s speech from 2003 based on the same Franklin story – Sorry Mr. Franklin, “We’re All Democrats Now”. Rather than lauding democracy, Paul points out its perils and calls for the restoration of our republic.
Here’s a few of democracy’s traits left unstated by Obama:
- consumes wealth
- leads to tyranny
- encourages the use of political money to buy influence
- endorses special interest interventionism, inflationism and corporatism
- brings about currency debasement