One of the more modern uses is the phrase “iron law of oligarchy,” a concept by German sociologist Robert Michels that says democracy is an oxymoron – that it will ultimately fall to the ...

But if the data given in the World Inequality Database is correct, a hundred years after Michels’ published his Iron Law of Oligarchy, it’s clear that, irrespective of the political system ...

Raghuram Rajan, currently economic adviser to the Prime Minister and earlier chief economist at the International Monetary Fund (IMF), has reiterated his fears about India’s oligarchic brand of ...

Oligarchies were omnipresent, even in democratic systems, according to the sociologist Robert Michels in his “iron law of ...

Michels speaks of not just a law, but an “iron” law, which means that society cannot escape from the tentacles of oligarchy; stated otherwise, it is impossible to resist oligarchy.

—Robert Michels, "The Iron Law of Oligarchy" Imagine popular rule as a continuum, moving from left to right, of fading democracy. Direct democracy—the New England town meeting—sits at the ...

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