If one unique principle of the American founding was the idea that all men are created equal and endowed with unalienable rights, a second unique principle is the creation of a free market society with business as the national vocation and the innovator and entrepreneur as the embodiments of the American dream.
In the novus ordo seclorum, people would have a natural right—a God-given right—to their own property and to the benefits of their own labor and creativity. The Founders ensured the protection of this right in two ways.
First, the new regime set about to encourage new inventions and technology, which are the driving force of entrepreneurial capitalism.
The original Constitution—before the addition of the Bill of Rights—only mentions a single right, the right to patents and copyrights.
A second way the Founders sought to advance commerce and entrepreneurship is by encouraging a system of “natural liberty” in which people can buy and sell what they want, and work where they want, rising as far as their skills and talents take them.
Madison says in Federalist No. 10 that “the first object of government” is the “protection of different and unequal faculties of acquiring property.”
Inequality of outcomes is not seen as a necessary evil that government should seek to remedy; rather, the government itself exists to guard citizens’ right to accumulate unequal fortunes and property.
from the point of view of Jefferson and the Founders, the Declaration of Independence does not mean we are equal in endowments, only in rights. Equality of rights not only permits inequality of success or outcomes; it provides the moral justification for inequality of outcomes.
It is fair that some receive gold and silver medals when everyone competed in the contest according to the same rules.
By the mid-twentieth century, the American economy was so productive that a nation with around 5 percent of the world’s population accounted for one-fourth of the global economy.