By Doug Henwood, Jacobin, July 1, 2026
| The structures of governance bequeathed to us by the founding generation provided an ideal environment for a plutocracy to develop and run wild, largely insulated from popular power. |
One of the great contradictions of
American life is that we think of ourselves as a democracy, a model for the
world, but one with a profoundly rich elite that exercises enormous influence
over politics. Although we often feel (correctly) that democracy is eroding in
the United States, we shouldn’t forget that, despite our image, our state was
never designed to be a democracy. Our situation, in which an insanely rich
oligarchy is nudging aside the last remnants of popular power, emerges from the
governmental structures that James Madison and his fellow Founders intended. It
was no accident, as the vulgar Marxists used to say, that our first president
was one of the richest guys in the newborn country.
Madison, born into the Virginia
slave-holding planter elite, made plain in the Federalist Papers, the essays he
coauthored with Alexander Hamilton and John Jay to secure ratification of the
new Constitution, that the system he helped design was meant to protect the few
against the many. In the most famous of these essays, Federalist No. 10, he
argued that economic inequality did not arise from exploitation or inherited
privilege but from natural differences in human talent.
Madison took the logical next step
from this understanding: he rejected democracy outright. A pure democracy would
be “incompatible with personal security or the rights of property.” Instead he
argued for a republic governed by elected representatives, which would “refine
and enlarge the public views, by passing them through the medium of a chosen
body of citizens, whose wisdom may best discern the true interest of their
country.” The aim would be to guard against “a rage for paper money, for an
abolition of debts, for an equal division of property, or for any other
improper or wicked project.” For Madison and the other Framers, the danger to
be guarded against was not the power of economic elites — which is the class
they came from — but the threat to those elites posed by the mob.
The Declaration of Independence,
largely written by Thomas Jefferson in his elegant prose style, provides
something of an alternative documentary tradition in American politics, full of
language about human equality and freedom, locating the legitimate source of
sovereignty in the people. But freedom and sovereignty came with exceptions,
since, like the Constitution, it was written by a plutocrat. Jefferson himself,
for all his lovely words, owned six hundred slaves in his lifetime, six times
as many as Madison. The last of the twenty-seven listed grievances leveled
against King George III in the Declaration was his encouragement of slave
rebellions and Indian attacks on the colonists: “He has excited domestic
insurrections amongst us, and has endeavored to bring on the inhabitants of our
frontiers, the merciless Indian Savages, whose known rule of warfare, is an
undistinguished destruction of all ages, sexes and conditions.”
As Aziz Rana argues in his splendid
book The Constitutional Bind, there has long been a tension in American life
between the two documents — the Declaration as a charter of liberty, equality,
and popular sovereignty, and the Constitution as one organizing a system of
governance designed to limit popular power and protect the wealth and status of
elites. As flawed as it is, the Declaration can be rhetorically useful.
That system of governance devised
by Madison et al. takes several approaches to limiting popular power. Among the
most odious is the Senate, initially elected not by popular vote but by state
legislatures. As the Senate itself says on its website:
"To the framers themselves, Madison explained that the Senate would be a “necessary fence” against the “fickleness and passion” that tended to influence the attitudes of the general public and members of the House of Representatives. George Washington is said to have told Jefferson that the framers had created the Senate to “cool” House legislation just as a saucer was used to cool hot tea."
The masses, being incorrigible
hotheads, need a straitjacket.
Another antidemocratic mechanism is the Electoral College, designed to place a barrier of representation between the presidency and the crowd. As the late Supreme Court justice Antonin Scalia correctly put it in the infamous Bush v. Gore decision in 2000, citing Article II of the Constitution, “The individual citizen has no federal constitutional right to vote for electors for the President of the United States unless and until the state legislature chooses a statewide election as the means to implement its power to appoint members of the electoral college.” Since our federal system grants such enormous power to the states — a structure initially intended to protect the interests of the slaveholding South — small, conservative jurisdictions have enormous weight in choosing presidents. This is, again, no accident; it would have been pleasing to Jefferson, the celebrated advocate of popular sovereignty, who thought rural areas were awash in virtue and cities “pestilential.”
On top of those constitutional
mechanisms came judicial review, the power of the courts (the Supreme Court in
particular) to overrule laws passed by an elected Congress. This right was not
specifically granted in the document; in the 1803 case Marbury v. Madison, the
Supreme Court famously granted itself judicial review, a power it used only
sparingly at first but eventually with more frequency and fervor. It has mostly
employed that power in antidemocratic fashion. After Marbury, the court didn’t
invoke the power to overrule until the Dred Scot case in 1857, which denied
black Americans citizenship and included the famous declaration that they have
“no rights which the white man was bound to respect.” Aside from a brief period
from the mid-1950s through the mid-1970s, when it issued multiple decisions
expanding social rights, the Supreme Court has mostly been a force for
reaction, protecting the propertied. The gush of money that has taken over our
political system was enabled by two decisions in particular, Buckley v. Valeo
in 1976, which declared political contributions a form of speech and therefore
protected by the First Amendment, and Citizens United v. FEC in 2010, which
held that corporate political spending could not be restricted, also on free speech
grounds.
All these structures of governance
provided an ideal environment for a plutocracy to develop and run wild, largely
insulated from popular power — or, more precisely, plutocracies, because, as
the Italian theorist Vilfredo Pareto said, they “circulate,” coming and going
over time. History is, in Pareto’s phrase, “a graveyard of aristocracies.” They
rise, rule, grow decadent (“They decay not in numbers only. They decay also in
quality”), and fall, to be replaced by a new set of rulers, who repeat the
process.
The contributors to Ruling America,
a collection of essays edited by Steve Fraser and Gary Gerstle, focus on nine
incarnations of the nation’s elite, from colonial times to the right-wing
counterrevolution of the 1970s and ’80s. The early American ruling classes were
weak, divided by regional and economic interests. It wasn’t until the end of
the Civil War that a truly national ruling class could emerge. In the late
nineteenth century, the Northeastern WASP elite came into prominence, and as
the century turned, it domesticated the rough-edged robber barons and created
an order centered on large corporations and financial interests. That
particular formation hit a wall with the 1929 Wall Street crash and the Great
Depression that followed, but it soon reemerged as the masters of the American
Golden Age — the planners of the post–World War II order, with all the
institutions that made it possible, like NATO and the International Monetary
Fund. Domestically, the elites had mostly made peace with the New Deal; unions
and rising real wages were largely, if grudgingly, accepted by the employing
class as the price of stability.
But that order began to unravel in
the 1970s with rising inflation, falling corporate profits, the loss of the
Vietnam War, and growing insolence among both the newly independent former
European colonies and our own working class. Meanwhile, new fortunes, many of
them based in the South and the West, came to challenge the formerly dominant
Eastern Establishment. Those new fortunes represented fresh poles not only of
wealth but of political influence, and they began funding a right-wing backlash
to the old Northeastern establishment via think tanks and new factions within
the Republican Party.
Those forces grew in the 1980s with
Ronald Reagan’s administration and the subsequent transformation of the
Republican Party into an increasingly reactionary formation. The old Republican
Party was the major vehicle of the Northeastern WASP establishment, exemplified
by the Rockefeller brothers — David, head of Chase Bank, and Nelson, governor
of New York and later vice president. But they were replaced by uncompromising
reactionaries with lots of funding, energy, and foul ideas.
Over time, the new guys only grew
more rabid and reactionary. Under Donald Trump’s second administration, they
achieved their greatest triumph in the Project 2025 agenda, crafted by the same
Heritage Foundation that helped shape key parts of the Reagan program, which
now looks almost mild by comparison. Despite that continuity, one new
innovation is the starring role of elites from tech, a sector that was once
heavily Clintonian Democrat and is now dominated by ghoulish characters like
Elon Musk and lesser celebrities like Peter Thiel and Alex Karp, chair and CEO,
respectively, of the data and espionage firm Palantir. Palantir and Musk’s
SpaceX look to be in the process of becoming de facto branches of the US
government, developing weaponry and vast surveillance files on us (Palantir)
and launching rockets into space for NASA (SpaceX). Their politics are a
repellent hybrid of libertarianism (of the “cut food stamps and let capitalists
do whatever they want” sort), surveillance, and warmaking. It is perhaps our
worst ruling elite since the slavocracy.
Yet despite their power as of this
moment, they’re not fully established as a proper ruling class just yet. They
lack broad legitimacy — in fact, the tech elite is deeply unpopular across the
political spectrum, and Trump himself has some of the lowest approval ratings
in the history of polling. Their strategy, as Nikhil Pal Singh argues, is
“dominance without hegemony”; true hegemony requires some degree of popular
consent. Instead Trump’s crew is deploying force, both at home and abroad.
That, as Clyde Barrow noted recently in Jacobin, is a sign of terminal weakness
in a ruling order. Add the fact that this crew is deeply incompetent, and you
can start suspecting they’re vulnerable.
Savor that weakness. As dark as the moment seems — and it is dark — you can summon some hope. I’ve spent most of this piece on all the structural obstacles to popular power that are engineered into the American political system. But it is far from completely undemocratic. Let us use its democratic residues to make their crisis our opportunity.
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