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Why many plutocracies will end up in military plutocracies.
11.06.25
Vilfredo Pareto also considered it justified to assume that in every society with high social mobility, elites—often referred to by him as an "aristocracy" would inevitably emerge. In the political sphere, political elites would therefore inevitably develop, consisting of the most talented and deserving individuals who most skillfully utilize the instruments of power, violence, and ideological power. According to Pareto, however, these power elites are never concerned with promoting the common good, but rather with securing and expanding their power. This would lead to the emerging "plutocracy" ultimately "killing the goose that lays the golden egg." 99 Once the goose is actually dead, the elite will be ready to transform into a "military plutocracy." This dynamic of destroying society is unstoppable. Pareto sought to demonstrate that history represents a perpetual cycle in which elites, when they degenerate, are replaced by other elites. In this dynamic, elites would like to rhetorically appeal to the masses, but the masses would never have an independent political role. The use of violence to stabilize their status, and of all classes, was, of course, born out of necessity: the coherence of the elites had been shattered by the struggles between noble families, which diminished their repressive power, even if rival elite groups were always united in their contempt for the 'common people.'
https://www.thriftbooks.com/a/vilfredo-pareto/855815/
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