Autocracy

economic-dictionary

Autocracy is a system of government. Which centers power and decision-making in a single figure.

In said system of government, the president does not have the duty to answer for his actions before any type of control or political and social mechanism. We are talking about a sociological, political and economic concept from ancient Greece.

Some examples of autocratic regime are the old European absolute monarchies or dictatorships of any kind of ideology. However, the autocratic element supposes the personification of power in a single person. Whereas, in dictatorial or authoritarian systems, this is usually done through political, military or economic elites. Collectives that, through the State, control and direct the life of a particular territory. The most common is that this achievement of power has been carried out by force, through military coups.

As with other systems of agglutination of responsibilities, in the autocracy the government exercised by the leader is unquestionable and does not admit discussion. As well as, neither, the creation of civil society organizations or opposition political parties. In other words, a main characteristic of this modality is that the maintenance of power necessarily requires denying the possibility of opposition in the country. All this, through tools of social oppression.

Apart from the general concept, autocracy can also be presented within other more democratic frameworks. On occasions, especially in situations of instability or economic recessions, political or economic figures appear who, using democratic tools, place themselves in a position of power and decision-making and later renounce to leave it.

Economics of autocracy

If we focus on the economic aspect of an autocratic regime, we can highlight that the state's organizational form is centralist. This is due to the fact that it combines the maximum volume of power in the public sector, which the president directs and controls. In other words, the private sphere does not have the possibility of enjoying individual and collective freedoms, it does not have market power and must be subject to state ordinances and legislation.

On the other hand, in this type of totalitarian state the economy tends to have a monopolistic or oligopolistic character. This is due to the fact that the economic sectors are governed by a small number of companies, most of them public and with a low level of competition.

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