No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, November 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Are Constitutionalism and the Rule of Law Dying?

by TheAdviserMagazine
6 months ago
in Economy
Reading Time: 4 mins read
A A
Are Constitutionalism and the Rule of Law Dying?
Share on FacebookShare on TwitterShare on LInkedIn


If we believe Janan Ganesh’s latest Financial Times column, America may be doomed. The column’s subtitle encapsulates the argument: “The revolt against [Trump] isn’t huge, and it isn’t about constitutional principle.” That is, the columnist argues, a large and decisive proportion of Americans don’t believe in constitutional principles that constrain the state (“Take No Comfort from America’s Trump Backlash,”May 7, 2025).

Constitutional political economy, an offshoot of the economic theory of public choice,  studies the choice of social rules and institutions. If we accept the “critical normative presupposition” that the location of value lies exclusively in the individual but that anarchy is unfeasible or otherwise undesirable, the basic rules and institutions of a political society—its “constitution,” formal or informal—must meet the unanimous consent of individuals as in a social contract. At the social-contract stage, politics is exchange. The requirement of unanimity, as an ordinary economic exchange, prevents the domination of some individuals by others, including by those who control the state. Constitutional political economy analyzes the economics of constitutionalism, the rule of law, and the constraints imposed on the state. (See Geoffrey Brennan and James Buchanan’s The Reason of Rules and my Econlib review of the book.)

An interview of President Donald Trump by NBC’s Kristen Welker is relevant to constitutional political economy—for example:

KRISTEN WELKER:

But even given those numbers that you’re talking about [the “million or 2 million or 3 million trials” that would be required before deportation], don’t you need to uphold the Constitution of the United States as president?

PRES. DONALD TRUMP:

I don’t know. I have to respond by saying, again, I have brilliant lawyers that work for me, and they are going to obviously follow what the Supreme Court said. What you said is not what I heard the Supreme Court said. They have a different interpretation.

Mr. Trump did say that he will obey Supreme Court decisions, although other pronouncements of his and of his officials leave some doubt. At his inauguration, he swore the oath prescribed by Article II, Section 1, Clause 8 of the Constitution. He literally said:

I, Donald John Trump, do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States. So help me God.

Wouldn’t “preserve, protect and defend” include “uphold”? Mr. Trump did not say “I don’t know” or “It depends on what my brilliant lawyers say.” Although today’s populists are not typically arguing for personal responsibility and integrity, they emphatically oppose experts, which must include lawyers.

Or is it that everything can be reinterpreted according to the interests of the interpreter or that alternative realities exist? We have observed many instances of this approach. In Springfield, Ohio, we were told by the president and the vice-president, Haitians ate the pets of good Americans; the Trump administration has already saved the lives of more than one-third of Americans if we believe Attorney General Pat Bondi when she did not say three-fourths); the US government cannot bring back prisoners it illegally sent to a foreign country and paid its government to jail them; and so forth.

To put the problem in a larger perspective, are constitutions incapable of “securing limited government and individual sovereignty,” as Anthony de Jasay argued? Or has the “end of truth” foreseen by Friedrich Hayek under socialism arrived in America?

Some goals of the Trump administration can be related to the defense of individual liberty, but they are relatively rare and compromised by the use of authoritarian means that will very likely accelerate the progression of Leviathan, whether Republican or Democratic. The promotion of personal loyalty over principles, the substitution of courtiers for advisers, the attacks on independent judicial institutions and due process, and a shameless disdain for truth have become a continuous spectacle.

Political tribalism is one of the hypotheses evoked by Ganesh to explain why more voters don’t react:

For some voters, political tribe offers the sense of belonging that religious affiliation once did, before church membership declined in the US. The fellow feeling, the structure, is so dear to them as to override all ethical qualms, just as a worshipper won’t have a word said against an obvious low-life of a pastor. The left isn’t so different.

We may also recall what Joseph Schumpeter, the economist of “creative destruction” fame, wrote about politics (Capitalism, Socialism, and Democracy, 3rd edition, p. 262), prefiguring observations by public choice economists (notably rational ignorance):

The typical citizen drops down to a lower level of mental performance as soon as he enters the political field. He argues and analyzes in a way which he would readily recognize as infantile within the sphere of his own interests. He becomes a primitive again.

******************************

A primitive politician and his primitive voters primitives, by DALL-E and this blogger



Source link

Tags: ConstitutionalismDyingLawRule
ShareTweetShare
Previous Post

America failing its young investors, warns financial guru Ric Edelman

Next Post

*HOT* Arm & Hammer Sensitive Skin Free Clear Laundry Detergent, 140 Loads only $9.58 shipped!

Related Posts

edit post
Revolutions in Russia in 1917: February and October

Revolutions in Russia in 1917: February and October

by TheAdviserMagazine
November 5, 2025
0

Yves here. With the too frequent and clearly hyperbolic attacks on New York City’s now mayor-elect Zohran Mamdani as sure...

edit post
Pelosi Finally Leaving The Swamp

Pelosi Finally Leaving The Swamp

by TheAdviserMagazine
November 5, 2025
0

Nancy Pelosi, 86, is preparing to exit Washington—don’t let the door hit you on the way out! Pelosi is a...

edit post
Job openings in October slumped to the lowest level since February 2021, Indeed measure shows

Job openings in October slumped to the lowest level since February 2021, Indeed measure shows

by TheAdviserMagazine
November 4, 2025
0

A jobseeker holds a brochure during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo,...

edit post
Coffee Break: Armed Madhouse – The Poseidon Problem

Coffee Break: Armed Madhouse – The Poseidon Problem

by TheAdviserMagazine
November 4, 2025
0

A Terror Weapon from the Deep Russia plans to deploy a submarine‑launched, nuclear‑powered, nuclear-armed, stealthy drone capable of traveling thousands...

edit post
Bessent says U.S. has ‘lots’ of options to use on tariffs if it loses Supreme Court case

Bessent says U.S. has ‘lots’ of options to use on tariffs if it loses Supreme Court case

by TheAdviserMagazine
November 4, 2025
0

Treasury Secretary Scott Bessent said Tuesday that there are other options in case of defeat as the Supreme Court is...

edit post
The Lasting Economic Scars of War

The Lasting Economic Scars of War

by TheAdviserMagazine
November 4, 2025
0

Yves here. This post usefully estimates how deep and durable the costs of war really are. The subtext is that...

Next Post
edit post
*HOT* Arm & Hammer Sensitive Skin Free Clear Laundry Detergent, 140 Loads only .58 shipped!

*HOT* Arm & Hammer Sensitive Skin Free Clear Laundry Detergent, 140 Loads only $9.58 shipped!

edit post
*HOT* Premier Protein Shakes, 30g Protein (6 count) only .04 shipped!

*HOT* Premier Protein Shakes, 30g Protein (6 count) only $11.04 shipped!

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
First Brands founder accused of looting company

First Brands founder accused of looting company

0
edit post
*HOT* Teeth Whitening Set only .95 shipped — A  Value!

*HOT* Teeth Whitening Set only $2.95 shipped — A $76 Value!

0
edit post
Replika founder raises M pre-seed for Wabi, the ‘YouTube of apps’ 

Replika founder raises $20M pre-seed for Wabi, the ‘YouTube of apps’ 

0
edit post
Software Development Goes From Jamming To A Full Orchestra

Software Development Goes From Jamming To A Full Orchestra

0
edit post
2025 End-of-Year Tax Planning Under OBBBA: Roth Conversions, Charitable Contributions, QBI Planning, And More

2025 End-of-Year Tax Planning Under OBBBA: Roth Conversions, Charitable Contributions, QBI Planning, And More

0
edit post
Smotrich promoting Israel Railways privatization

Smotrich promoting Israel Railways privatization

0
edit post
First Brands founder accused of looting company

First Brands founder accused of looting company

November 5, 2025
edit post
*HOT* Teeth Whitening Set only .95 shipped — A  Value!

*HOT* Teeth Whitening Set only $2.95 shipped — A $76 Value!

November 5, 2025
edit post
Replika founder raises M pre-seed for Wabi, the ‘YouTube of apps’ 

Replika founder raises $20M pre-seed for Wabi, the ‘YouTube of apps’ 

November 5, 2025
edit post
Auto repair chain Monro soars after Carl Icahn takes 15% stake

Auto repair chain Monro soars after Carl Icahn takes 15% stake

November 5, 2025
edit post
Smotrich promoting Israel Railways privatization

Smotrich promoting Israel Railways privatization

November 5, 2025
edit post
Oil Steadies in Listless Trade With Supply Outlook in Focus

Oil Steadies in Listless Trade With Supply Outlook in Focus

November 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • First Brands founder accused of looting company
  • *HOT* Teeth Whitening Set only $2.95 shipped — A $76 Value!
  • Replika founder raises $20M pre-seed for Wabi, the ‘YouTube of apps’ 
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.