Tuesday , January 31 2023
Home / The Angry Bear / Degenerate Autocrats

Degenerate Autocrats

Summary:
Degenerate Autocrats, Econospeak by Barkley Rosser  Yesterday, I had Konstantin Sonin present a seminar at JMU, “The Degenerate Autocrat: Origins and Consequences of the Russia-Ukraine War.” Sonin is a former Vice-Rector of the Higher Economic School in Moscow who left suddenly in March due to his critical remarks about the regime. He has since been fired from the faculty there. Sonin is a Dewey Distinguished Service Professor at the Harris School of Public Policy at U. of Chicago and has coauthored with Daron Acemoglu. Daron might get the Nobel on Monday. Anyway, his argument being longtime full autocrats become incompetent as their regimes degenerate because they increasingly appoint incompetent sycophants who give them bad information and

Topics:
Barkley Rosser considers the following as important: , , , ,

This could be interesting, too:

Ken Melvin writes Oh The Cost Of It

Dan Crawford writes The iceberg of identity

NewDealdemocrat writes New Deal democrat’s weekly indicators for January 23 – 27

run75441 writes Rail Workers Are Fighting On After Biden Blocked a National Strike

Degenerate Autocrats, Econospeak

by Barkley Rosser

 Yesterday, I had Konstantin Sonin present a seminar at JMU, “The Degenerate Autocrat: Origins and Consequences of the Russia-Ukraine War.” Sonin is a former Vice-Rector of the Higher Economic School in Moscow who left suddenly in March due to his critical remarks about the regime. He has since been fired from the faculty there. Sonin is a Dewey Distinguished Service Professor at the Harris School of Public Policy at U. of Chicago and has coauthored with Daron Acemoglu. Daron might get the Nobel on Monday.

Anyway, his argument being longtime full autocrats become incompetent as their regimes degenerate because they increasingly appoint incompetent sycophants who give them bad information and do not warn them of problems with the bad policy decisions they make. Autocrats accumulate these bad advisers, often from old longtime cronies who become increasingly corrupt as well, because they are afraid anybody competent might move to overthrow them.  Putin in Russia with his stupid decision to invade Ukraine is the current leading example. He had others from the past to follow including Nicholas II’s decision to join WW I, Hitler’s decision to invade USSR, Mao’s decision to carry out the Great Leap Forward, and Saddam Hussein’s decision to invade Kuwait. 

So far post-Mao China has avoided this slide into incompetent degenerate autocracy. China’s system was set up to where leaders would step aside after serving for ten years avoiding this problem. Now it looks like Xi Jinping is making the move to go to a new system by taking a third five-year term as leader, with no clear successor in sight.  This is a dangerous situation, with a number of recent decisions looking somewhat questionable and the economy slowing down. Although, there still continues to be some forward-looking decisions and actions being made.  But the longer-term prospects from this move do not look good.

Barkley Rosser

Barkley Rosser
I remember how loud it was. I was a young Economics undergraduate, and most professors didn’t really slam points home the way Dr. Rosser did. He would bang on the table and throw things around the classroom. Not for the faint of heart, but he definitely kept my attention and made me smile. It is hard to not smile around J. Barkley Rosser, especially when he gets going on economic theory. The passion comes through and encourages you to come along with it in a truly contagious way. After meeting him, it is as if you can just tell that anybody who knows that much and has that much to say deserves your attention.

Leave a Reply

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