https://youtu.be/py1C_4ZX174
The iron law of oligarchy is a political theory first developed by the German-born Italian sociologist Robert Michels in his 1911 book, Political Parties. It asserts that rule by an elite, or oligarchy, is inevitable as an “iron law” within any democratic organization as part of the “tactical and technical necessities” of the organization.
Michels’s theory states that all complex organizations, regardless of how democratic they are when started, eventually develop into oligarchies. Michels observed that since no sufficiently large and complex organization can function purely as a direct democracy, power within an organization will always get delegated to individuals within that group, elected or otherwise.
The Iron Law of Oligarchy – Wikipedia
Book discussed: Why Managers Matter: The Perils of the Bossless Company
Dr. Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business.
Replacing the Logic of “Workplace Democracy” With the Iron Law of Oligarchy