ABSTRACT

The plutocracy of the new rich did not evolve through long decades, but was artificially created in a few years. The historical opposition between Hamilton and Jefferson, the bitter contest between Federalists and Republicans, was the political reflection of this process. Egalitarian state/class state was the problem of America. John Adams embodied his doctrine in A Defence of the Constitutions of Government of the United States of America. This chapter may be described as the intellectual pioneer of the capitalist class state in the New World. The consequences, however, which Taylor drew from this basic attitude, are different from those of Adams. Protection of the richer against the poorer, is Adams' only concern, protection of the poorer against the richer, is Taylor's principal idea. There are two modes of invading private property; the first, by which the poor plunder the rich, is sudden and violent; the second, by which the rich plunder the poor, slow and legal.