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In April 1887, Catholic historian Lord Acton wrote a letter to Bishop Mandell Creighton which included the memorable line: “Power tends to corrupt and absolute power corrupts absolutely.” The term is used so often nowadays, you may well have applied it yourself.
___STEADY_PAYWALL___But according to Harvard Business School prof, historian Richard Tedlow, Acton’s quote only tells half the story. This student of American business tycoons says he believes “Power does more than corrupt. It does something more subtle and insidious. The word I choose to describe the impact of power is that it ‘deranges’.” Strikes a chord, doesn’t it?
Such derangement, Prof Tedlow adds, is not the fault of yes-men that surround the powerful. Instead: “It is caused by the courtier who is clever or frightened enough not to be detected. These are the people who arrange a world of continual approbation for the person of power.
“They see to it that he or she never loses time in a traffic jam and never has cream with coffee if milk is preferred. The courtier makes perfect for the powerful those little things that bedevil normal folk. In the process they abstract the powerful from the real world.“ Think ANC ministers, Lockdowns and Loadshedding. Join the dots. Roll on 2024.
More for you to read today:
- Ramaphosa meets Biden. Phumlani M. Majozi writes on what’s behind the US’ renewed interest in South Africa.
- Amazon’s $1.7 Billion Proposed Purchase of Roomba Maker Under FTC Investigation. Federal antitrust agency sought records about deal from Amazon and iRobot this week.
- Where You Can Find Stock-Market Bargains. Europe is at war. China is floundering. Japan is aging. Emerging markets are suffering. Could there be a better time for a contrarian bet on international stocks?
- The Ragtag Army That Won the Battle of Kyiv and Saved Ukraine. Citizen volunteers teamed up with soldiers to turn the tide in the most consequential European battle since World War II.
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