Jump to content



Photo

The Iron Law of Oligarchy


  • Please log in to reply
1 reply to this topic

#1 stocks

stocks

    Member

  • Traders-Talk User
  • 3,740 posts

Posted 06 July 2017 - 06:22 PM

The theory states that all complex organizations, regardless of how democratic they are when started, eventually develop into oligarchies 

 

All organizations eventually come to be run by a "leadership class", who often function as paid administrators, executives, spokespersons, political strategists, organizers, etc. for the organization. Far from being "servants of the masses", "leadership class," rather than the organization's membership, will inevitably grow to dominate the organization's power structures.

 

By controlling who has access to information, those in power can centralize their power successfully, often with little accountability, due to the apathy, indifference and non-participation most rank-and-file members have in relation to their organization's decision-making processes.

 

Democratic attempts to hold leadership positions accountable are prone to fail, since with power comes the ability to reward loyalty, the ability to control information about the organization, and the ability to control what procedures the organization follows when making decisions. 

 

Thus representative democracy is a façade legitimizing the rule of a particular elite

 

 

https://en.wikipedia...aw_of_oligarchy

 

 


--

If liberty means anything it means the right to  tell people what they do not want to hear. - George Orwell


#2 diogenes227

diogenes227

    Member

  • TT Patron+
  • 4,516 posts

Posted 07 July 2017 - 12:53 AM

Yup, and then the time comes when they become Muammar Gaddafi disemboweled on the hood of a car, or Benito Mussolini hung upside down like a slab of beef becoming jerky in the sun, or Louis XVI with his head suddenly rolling like an out-of-control bowling ball, and maybe for Donald Trump some day it will be a simple "Fore!" not heard. 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."