What kind of people are constitutions designed to govern? I think that the simplest answer to that question is people like you and me, people with good days and bad days. Within the context of governmental power, however, we are more worried about what people will do on their bad days than we are pleased about their behavior on their good days. A fine despot may do wonders for a while: public roads may be constructed, trains may run on time, and the Dow may reach three thousand. But a bad despot, or a good despot turned bad, has quite the opposite effect. Our concerns go beyond potholes, train delays, and the bear market. We worry about tyranny, terror, confiscation, segregation, imprisonment, and death. There is more to fear from the downside that there is to gain from the upside. It is not that all people will behave in irresponsible ways once they assume public office. It is enough that a few unprincipled people in hight positions can wreak public havoc…We should set our presumption against the concentration of power in the hands of government.

–Richard A. Epstein

This is, of course, the primary reason to be against a concentration of power into a small group of people.

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