A Republic No More

Big Government and the Rise of American Political Corruption

Jay Cost

• Publisher: Encounter Books
• Year: 2016
• ISBN:
  9781594038686
• Topic: Politics & International Relations
• Subtopic: American Government
• Index: Politics & International Relations

After the Constitutional Convention, Benjamin Franklin was asked, "Well, Doctor, what have we got—a Republic or a Monarchy?” Franklin’s response: "A Republic—if you can keep it.”This book argues: we couldn’t keep it.A true republic privileges the common interest above the special interests. To do this, our Constitution established an elaborate system of checks and balances that disperses power among the branches of government, which it places in conflict with one another. The Framers believed that this would keep grasping, covetous factions from acquiring enough power to dominate government. Instead, only the people would rule.Proper institutional design is essential to this system. Each branch must manage responsibly the powers it is granted, as well as rebuke the other branches when they go astray. This is where subsequent generations have run into trouble: we have overloaded our government with more power than it can handle. The Constitution’s checks and balances have broken down because the institutions created in 1787 cannot exercise responsibly the powers of our sprawling, immense twenty-first-century government.The result is the triumph of special interests over the common interest. James Madison called this factionalism. We know it as political corruption.Corruption today is so widespread that our government is not really a republic, but rather a special interest democracy. Everybody may participate, yes, but the contours of public policy depend not so much on the common good, as on the push-and-pull of the various interest groups encamped in Washington, DC.

Table of contents

• Cover
• Title Page
• Copyright
• Dedication
• Contents
• Preface to the Paperback Edition
• Preface
• Introduction: “The Violence of Faction”: Understanding Political Corruption
• 1. “The Great Desideratum”: Madison, Hamilton, and the First Bank of the United States
• 2. “The Spirit of the Nation Forbids It”: Nationalism and Corruption from Jefferson to Jackson
• 3. “The General Scramble for Plunder”: Patronage in Jacksonian America
• 4. “Permanent and Terrible Mischief”: Machine Politics in the Gilded Age
• 5. “The King of Frauds”: Business and Politics in the Gilded Age
• 6. “To Dissolve the Unholy Alliance”: The Progressive Response to Corruption
• 7. “A Grand Political Racket”: Corruption in the New Deal
• 8. “Clear it with Sidney”: Modern Liberalism and the Interest Group Society
• 9. “A Grab Bag of Subsidies”: The Politics of American Agriculture
• 10. “The Parochial Imperative”: The Politics of the Pork Barrel
• 11. “A Big, Dumb Price Fixer”: Medicare and the Politics of Entitlements
• 12. “A Robbery of the Great Majority”: The Politics of Corporate Taxation
• 13. “The Pretorian Band”: Fannie Mae, Freddie Mac, and the Politics of Regulatory Capture
• Conclusion: A Republic No More
• Acknowledgments
• Notes
• Index