Oligarchs R’ US. That “Iron Law” Of Oligarchy Is Back To Haunt Us | Global Research

Oligarchs R’ US. That “Iron Law” Of Oligarchy Is Back To Haunt Us | Global Research

For years, it was a term only used in connection with those big bad and sleazy Mafioso-type businessmen in Russia.

 Russia had Oligarchs; we didn’t.

That became a big difference between the
official narrative of what separated our land of the free and the home
of the brave from THEM, the snakes in the shades and private planes, in
the post-Soviet period.

Actually, I first heard the term oligarchy when I
was studying labor history at Cornell a half a lifetime ago. We were
taught about something called the “Iron Law of Oligarchy.”

It was a concept coined by Robert Michels, a
friend of sociology guru, Max Weber, way back in 1911. Here’s how it was
defined in that relic of another age: The Encyclopedia Britannica:

“Michels came to the conclusion that
the formal organization of bureaucracies inevitably leads to oligarchy,
under which organizations originally idealistic and democratic
eventually come to be dominated by asmall, self-serving group of people
who achieved positions of power and responsibility.  This can occur in
large organizations because it becomes physically impossible for
everyone to get together every time a decision has to be made.”

So, oligarchies have been with us seemingly
forever—it’s an “iron law,” says he– but in current usage the term
references the small elite—the 1% of the 1% that dominates economic and
political decision making.