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The Iron Law of Oligarchy is a political theory, first developed by the German syndicalist sociologist Robert Michels in his 1911 book, Political Parties. It claims that rule by an elite, or "oligarchy", is inevitable as an "iron law" within any organization as part of the "tactical and technical necessities" of organization. Michels particularly addressed the application of this law to representative democracy, and stated: "It is organization which gives birth to the dominion of the elected over the electors, of the mandataries over the mandators, of the delegates over the delegators. Who says organization, says oligarchy." He went on to state that "Historical evolution mocks all the prophylactic measures that have been adopted for the prevention of oligarchy." Michels stated that the official goal of representative democracy of eliminating elite rule was impossible, that representative democracy is a façade legitimizing the rule of a particular elite, and that elite rule, that he refers to as oligarchy, is inevitable.
Originally posted by Fichorka
I believe that original form of capitalism is not from "the belly of the beast" - that is libertarianism.
As is well known, anarchists use the terms “libertarian”, “libertarian socialist” and “libertarian communist” as equivalent to “anarchist” and, similarly, “libertarian socialism” or “libertarian communism” as an alternative for “anarchism.” This is perfectly understandable, as the anarchist goal is freedom, liberty, and the ending of all hierarchical and authoritarian institutions and social relations.
Unfortunately, in the United States the term “libertarian” has become, since the 1970s, associated with the right-wing, i.e., supporters of “free-market” capitalism. That defenders of the hierarchy associated with private property seek to associate the term “libertarian” for their authoritarian system is both unfortunate and somewhat unbelievable to any genuine libertarian. Equally unfortunately, thanks to the power of money and the relative small size of the anarchist movement in America, this appropriation of the term has become, to a large extent, the default meaning there. Somewhat ironically, this results in some right-wing “libertarians” complaining that we genuine libertarians have “stolen” their name in order to associate our socialist ideas with it!
The original political meanings of ‘left’ and ‘right’ have changed since their origin in the French estates general in 1789. There the people sitting on the left could be viewed as more or less anti-statists with those on the right being state-interventionists of one kind or another. In this interpretation of the pristine sense, libertarianism was clearly at the extreme left-wing.
TPTB destroyed capitalism and transformed it into a some kind of system with purposely bad laws, acts and bad practice. Such as: bailouts, banking system (interest rates), big corporate industry, etc. Interest rates were forbidden world-wide only a few centuries ago. Unfortunately scumbags infiltrated governments and allowed interest rates, put bad practices in action such as bailouts, etc.
Now they blame capitalism for all that! For all you communist/socialist supportes, beware - It's a trap!
You see, they destroyed capitalism, so you people could say "We want communism!" And then they will say "Here's your communism" and give you twisted totalitarian New World Order. By then, it will be too late to go back!
It's called Problem - Reaction - Solution