Michael Hudson:  Vested interests create “checks and balances” primarily to make political systems non-responsive to demands for social reform. Historically, therefore, the checks are politically unbalanced in practice. Instead of producing a happy medium, their effect often has been to check the power of the people to assert their interests at the expense of the more powerful. … Any resilient society’s constitution should be responsive to the evolution of economic, technological, environmental and geopolitical dynamics. … Read here …