The Problem of Economic Growth – Part 3

Most of the Founding Fathers of the American republic were seriously wary of “factions”—their term for what we call political parties—which they viewed as dangerous to the public interest.

Politics to them was a joint enterprise that the citizens undertook to seek out what was in the general interest, and after the appropriate deliberations of the various individuals were concluded and a consensus was arrived at, there was no room for different factions to pull in different directions.

For them, the political process was not about deciding winners and losers but about determining what served the common interests of all. If something is acknowledged to be in the common interest, there is no point in not pursuing it or opposing it.

With that, let’s continue on from the previous part of this essayContinue reading “The Problem of Economic Growth – Part 3”