The distinction between British and Iberian America lies in a fundamental idea about governance. This idea suggests that self-governance is rooted in more than just electoral processes. Some mistakenly label this concept as 'democracy' and assume any nation can achieve it through elections. However, true democracy is built upon a foundation of rule of law, which ensures individual freedoms and secures private property rights.

This foundation is maintained through a representative, constitutional government that upholds these principles. Therefore, while elections are a component of democracy, the broader framework that supports it is essential for real self-governance and societal stability.