This is a great discussion guys. I didn't have a strong opinion either way prior to reading this forum (and I'm not going to take sides right now), so this has been very interesting and beneficial to creep on. But, as I'm inundated with political theory in university right now (which I hate bc it's so dense and pretentiously taught, but nonetheless is invaluable background knowledge to have), this makes me want to pose a hopefully relevant question.
To quote Jefferson: Periodic revolution, βat least once every 20 years,β is βa medicine necessary for the sound health of government.β (good full quote here: http://quotes.liberty-tree.ca/quote_blo ... Quote.EFEC ). Jefferson thought we needed violent revolution every generation to repel corruption and keep government healthy and just, a sentiment he likely got from Rousseau. I have to write a paper soon comparing and contrasting Rousseau's and de Tocqueville's perceptions of where democracy fails and how to best remedy it. Basically they thought the same thing: that a stagnant political elite inevitably comes to dominate democratic systems and inhibits social and political fluidity. They fail to absorb rising powers, and people have to go outside the system to met their demands ----> revolution. The difference between the two lies in that de Tocqueville was more idealistic and believed in the ability of the elite to reform enough to subvert the possibility of revolution. Rousseau believed that states were organisms with a limited lifespan - they emerge, reach maturity and prosperity, and decline; revolution is inevitable.
People were talking earlier of incorporating OWS's demands into a political platform/party in the attempts of enacting change from within. Personally, I am of the school that generally, significant change from within is difficult if not impossible. It relies on idealism to a certain degree - politicians who believe they can change the system, but find it easier said than done. In my studies, historically, most MAJOR structural reform has only ever been implemented from an single executive level (the likes of which our American political system does not have) or from revolution. (Glorious Revolution may be an exception but much violence had preceded it.) However, the history of America thus far may prove me wrong. We live in the longest lasting democracy to date and seem to still be prospering. Did we get something so right as to make ourselves an exception, or do we need revolution?
So, is America an exception to most historical examples - can we continue thriving with only gradual reform? Or is some type of internal revolution necessary to revamp the system? (OR are we doing alright, is this all moot because our system is fine?)
I personally see the two-party system as a huge downfall to our future prosperity, and I don't see that reforming anytime soon. But hey, America seems like such a weird phenomenon that I don't know what to believe about all this.

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