Index Investing News
Friday, May 30, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

What Is Kakistocracy? – Econlib

by Index Investing News
December 12, 2024
in Economy
Reading Time: 3 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


Yearly in December, The Economist finds a “phrase of the yr” that summarizes a serious occasion or pattern and has gained reputation in its wake.

It’s helpful to know that the journal has been against populism because it rose in america and elsewhere on the earth however, I might say, not all the time in a constant means. The actual downside is just not the suitable and the left, however the desire for collective decisions over particular person decisions that characterizes either side. (There have been some encouraging indicators, nonetheless, that the celebrated journal is evolving towards its Nineteenth-century classical liberal roots.)

The Economist‘s phrase for 2024 is “kakistocracy,” the rule by the worst, from the traditional Greek kakistos (κάκιστος) for “the worst” and, after all, kratia (κρατία) for “rule” or “energy.” Opposite to the case of, say, “aristocracy,” the spinoff “kakistocrat” for these worst individuals who govern has not taken root, however we will hope it’s going to. The 2024 phrase of the yr would stay very related even when Ms. Harris had been elected rather than Mr. Trump. Additionally it is related in lots of different nations.

In his 1944 e book The Highway to Serfdom, Fredrich Hayek, the long run economics Nobel laureate, foresaw that because the state features energy, the worst individuals would develop into rulers, whether or not or not it’s a single dictator adored by the bulk or an all-powerful democratic majority. The regime could be supported by individuals with the bottom ethical and mental requirements and by probably the most gullible. They’d embrace the precept that the top justifies the means and unite in opposition to scapegoats. Individuals would lose any “respect for the person qua man as an alternative of merely as a member of an organized group.” Cynicism and disrespect for fact would unfold. Tribal feelings and authorities propaganda would displace rational arguments. Hayek wouldn’t have been shocked if foreigners, immigrants, and pet-eating Haitians have been among the many scapegoats.

Kakistocracy is etymologically a really pejorative time period. Kakistos is the superlative of kakos (κακός), which suggests unhealthy or evil. Cacophony, for instance, means disagreeable sounds. The plural impartial of kakos is kaka (κακά) and means unhealthy issues. The French baby-talk phrase “caca,” that means “pou-pou,” got here from that Greek phrase or a Latin spinoff. It has been a part of the French language for the reason that sixteenth century. I perceive that, in American English (“****”) and in Spanish, the phrase has the identical that means.

From a political-economy viewpoint, which is what pursuits us right here, kakistocracy is unhealthy for everyone besides the kakistocrats.

******************************

Behind the scenes: I instructed DALL-E to create a picture “representing three members of a democratic kakistocracy.” The bot refused, saying that this idea “didn’t align with our content material coverage.”  He would solely conform to signify a democratic kakistocracy that will, as I advised him, “makes your content material coverage unlawful”! The second picture beneath is likely one of the two he produced for that case. However the least unhealthy picture I lastly obtained as an example this put up was once I requested him for one “representing three members of a populist kakistocracy.” Altering “democratic” for “populist” additionally labored for his content material coverage! That is the primary one slightly below. DALL-E defined, “Right here is the generated picture representing three members of a fictional populist kakistocracy.” AI bots usually are not Einsteins nor nice social theorists.

“Three members of a fictional populist kakistocracy,” by DALL-E

DALL-E's "content policy" only allows representing a "bad" democratic kakistocracy that would make it illegal

DALL-E’s view of a democratic kakistocracy that will outlaw his “content material coverage”

 

 



Source link

Tags: EconlibKakistocracy
ShareTweetShareShare
Previous Post

Charles Schwab vs Robinhood: Evaluate Prime Funding Platforms

Next Post

Donald Trump has invited China’s President Xi Jinping to his inauguration

Related Posts

US items imports tumble 20% in April as Trump’s tariffs disrupt commerce

US items imports tumble 20% in April as Trump’s tariffs disrupt commerce

by Index Investing News
May 30, 2025
0

Keep knowledgeable with free updatesMerely signal as much as the US commerce myFT Digest -- delivered on to your inbox.US...

US-China commerce talks ‘stalled’, says Scott Bessent

US-China commerce talks ‘stalled’, says Scott Bessent

by Index Investing News
May 30, 2025
0

Unlock the White Home Watch publication without costYour information to what Trump’s second time period means for Washington, enterprise and...

US appeals courtroom provides short-term reprieve to Donald Trump’s tariffs

US appeals courtroom provides short-term reprieve to Donald Trump’s tariffs

by Index Investing News
May 30, 2025
0

Unlock the White Home Watch publication without spending a dimeYour information to what Trump’s second time period means for Washington,...

BoE governor urges UK authorities to hunt nearer commerce ties with the EU

BoE governor urges UK authorities to hunt nearer commerce ties with the EU

by Index Investing News
May 29, 2025
0

Unlock the Editor’s Digest without spending a dimeRoula Khalaf, Editor of the FT, selects her favorite tales on this weekly...

Why Should People Pay Tariffs?

Why Should People Pay Tariffs?

by Index Investing News
May 29, 2025
0

A serious assertion by the Trump Administration is that tariffs are paid for by foreigners.  And, certainly, underneath very particular...

Next Post
Donald Trump has invited China’s President Xi Jinping to his inauguration

Donald Trump has invited China’s President Xi Jinping to his inauguration

China leaders pledge ‘vigorous’ promotion of home consumption

China leaders pledge ‘vigorous’ promotion of home consumption

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Corridor of Famer Bob Lanier passes away at 73

Corridor of Famer Bob Lanier passes away at 73

May 11, 2022
London’s beloved and futuristic BT tower sold for 7 million to be turned into a hotel

London’s beloved and futuristic BT tower sold for $347 million to be turned into a hotel

February 22, 2024
As Shanghai’s Covid Instances Fall, China’s Restrictions Tighten

As Shanghai’s Covid Instances Fall, China’s Restrictions Tighten

May 10, 2022
The Finest and Worst Tremendous Bowl Commercials, Ranked

The Finest and Worst Tremendous Bowl Commercials, Ranked

February 17, 2025
The UN ‘breathed life back into my dreams’ — Global Issues

The UN ‘breathed life back into my dreams’ — Global Issues

January 6, 2024
Prime Southern Baptists plan to launch secret record of abusers

Prime Southern Baptists plan to launch secret record of abusers

May 24, 2022
Pope gives to satisfy Putin, nonetheless ready to listen to again

Pope gives to satisfy Putin, nonetheless ready to listen to again

May 3, 2022
How Hosts Are Making More Money Even As Demand Drops

How Hosts Are Making More Money Even As Demand Drops

October 24, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In