Everyone is qualified to vote and to run. There is no such thing as registration. No declaration of party affiliation is required for admission to participation. The election process is continuous and there are no terms of office. Tenure has to be earned every day.
Incumbency is alien, legislation nonexistent.
The customer is king. While his publication was too late to benefit the founders and subsequent subjects of the United States as a political entity, Smith's insights are still highly informative and relevant guides to present society. The insight and wisdom of Adam Smith stand today.