[This article is adapted from Chapter 15 of The Global Currency Plot .]
The danger is obvious that the social revolution would change the tangible and visible ruling class of today, openly recognized as such, into a secret demagogic oligarchy operating under the guise of equality.
– ROBERT MICHELS
In 1911, the German-Italian sociologist Robert Michels (1876–1936) published his book Zur Soziologie des Parteiwesens in der modernen Demokratie: Untersuchungen über die oligarchischen Tendenzen des Gruppenlebens ( Political Parties: A Sociological Study of the Oligarchical Tendencies of Modern Democracy ). In it, he formulates the “iron law of the…
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