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Kathryn Hickok is Publications Director and Director of the Children’s Scholarship Fund-Portland program at Cascade Policy Institute.
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The government and private sector need to adapt with the times- the world was a very different place 225 years ago. While a noble thought, people living with “integrity” isn’t happening, since we have incentives to speculate and have enormous profits.
We need the government to at least have a more active hand in financial markets and globalization, or we will continue on the volatile ride the private sector has created since the 1980s. Characterizing the government as “intrusive” seems out of place here, since your example involves the economy, not privacy.
Thomas Jefferson commented that we should rewrite the constitution every 19 years, and maybe it’s time to give that some serious thought.
Jefferson was wrong about that. He wasn’t that wild about giving Govt as much power as Constitution actually delegated. Lincoln said ‘Don’t interfere w anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties.” We have enough laws to keep unlawful greed in check & punished. Govt encroachment and total disreguard for sound financial/economic principle/foundations opened door to the greed. (legislating social engineering w housing). Of course, our Govt was made for a moral people, and since morals are all ‘relevant’ now, Govco undertakes ‘rulership’ of the masses.
Franklin was also quoted as describing ‘democracy’ as two wolves and a lamb deciding what to have for dinner. Interestingly, nowhere in the Constitution nor any of the major writings of the FF’s does one find the word “democracy’.