Last February, about a month ago, The Wall Street Journal provided a book review of the book that is pictured above. "Wow," I thought, when I saw that "Bookshelf" column in the paper! I was really stumped. Why does democracy "need the rich?" I have to be honest, and I need to tell you the truth: no good answer sprang immediately to my mind.
At any rate, while I am not a "kill the rich" kind of guy, I have never thought that "democracy" would be in trouble if there weren't a lot of those "rich" people hanging around, making themselves available for the betterment of our democratic institutions. In fact, if you think back to what some might title the "Months of the Magnificent Musk," shortly after our current president took office, in January 2025, the willingness of billionaire Elon Musk to get deeply involved with our democratic government, in Musk's "hands on" effort to make the government run better, turned out to be the very opposite of inspiring - and the very opposite of helpful. Musk is definitely one of the "rich," so his involvement with government does not seem to support the thesis expressed in the title of the book.
And it's not just Musk, either. There is a pretty good case to be made, I think, that the "rich" people whom our current president has brought into government with him - and not to forget our current president himself, who is certainly among "the rich" - have spent most of their time figuring out how our "democracy" can help them, and can make those rich folks even more rich. I don't know whether you'd agree, but I haven't seen much impact going the other way.
Well, John O. McGinnis, the author of the book I am profiling, who is the George C. Dix Professor in Constitutional Law, at the Northwestern University Pritzker School of Law, has a very simple answer for any skeptics (like me, and maybe you). Democracy "needs the rich" because [quote] "public policy is heavily shaped by interest groups and bureaucracy. The rich have the freedom to provide alternative perspectives" (emphasis added).
Wow! (My second "wow" in this blog posting!) McGinnis thinks that "the rich" are helping out our "democracy" by generously giving us their "alternative perspectives." Wow! (third time). I never thought of that!!
Let me give you a more ample outline of McGinnis' argument by quoting from the book review published in The Journal (emphasis added):
A law professor at Northwestern University and former U.S. Justice Department official, Mr. McGinnis seeks to defend the ultrawealthy from the growing number of accusations leveled against them. Although incomplete, Mr. McGinnis’s argument deserves to be taken seriously.Who are the rich? If they’re defined by wealth, Mr. McGinnis would include people in the top 0.1% of asset-holders—$61 million and above—as “truly rich.” What matters to the author isn’t how much they are worth, but how free they are to express their views, take risks and support innovative activities.A highly paid corporate executive or celebrity isn’t necessarily immune to pressures from the marketplace, government regulators or adoring fans. However, someone who has amassed a vast fortune, especially through entrepreneurial skill, Mr. McGinnis argues, has greater freedom to act with impunity or champion unpopular causes. That makes the rich especially valuable in a representative democracy like the U.S., where policy is normally shaped by the play of public opinion, competition among interest groups and the weight of a permanent bureaucracy. The wealthy—and the organizations or politicians they assist—have the means to provide alternative perspectives, typically rooted in the practical realities of building a business rather than in intellectual theories, media stereotypes or government rules.
Arent' you tempted to say, "Wow," too?
"Democracy," at least as commonly understood, is based on the idea that ALL CITIZENS are to be encouraged to "express their views," and to "provide alternative perspectives" and actually to be engaged in "self-government," which is what I call what many people, including McGinnis, denominate as "democracy." In fact, given just how much "the rich" have assumed full, and effective, and defacto control over our government, and over everything our government does, it seems especially important that the "poor," and just plain-old "average" Americans get personally involved in "politics," and in political decisionmaking, and come up with "alternative perspectives."
Talk about someone who truly doesn't "get it" about "democracy." Mr. John O. McGinnis really takes the cake.
Wow!
Image Credit:
https://www.wsj.com/arts-culture/books/why-democracy-needs-the-rich-review-a-wealth-of-ideas-646e083f
















