Relationship between Volatility and Risk
Market risk and volatility are two terms that are heard a lot by many risk management professionals. To the layman, the terms may sound like synonyms. This means that the average person tends to think that volatility and risk mean the same thing. However, this is not true. The terms are related and have a […]
Organizational Development in Pandemic
The pandemic has brought about radical changes in not just the way of life but also in the way organizations approach work. Now is the time for the OD guys to shine. The years of stagnancy, the change initiatives frozen in time, the dynamic transformation visualized, discussed but never implemented have all been jolted to […]
Different Types of Interpersonal Relationships
When two individuals feel comfortable in each other’s company and decide to be with each other, they enter into a relationship. A close association between individuals who share common interests and goals is called interpersonal relationship. Individuals who are compatible with each other enter into an interpersonal relationship. People must gel well for a strong […]
Managerial Communication – Meaning and Important Concepts
Why do individuals need to communicate with each other ? Information if not shared is of no use. Communication plays a pivotal role in information sharing. Individuals working together in the same organization need to speak to each other to keep themselves abreast with the latest developments in the organization. It is practically not possible […]
Managing Stress during Crisis
Crisis refers to a sequence of unwanted events leading to major disturbances at the workplace. It triggers a feeling of insecurity and fear amongst the employees. Crisis causes major harm to the organization and poses a threat to its reputation and brand image. Let us go through various ways of managing stress during crisis: Once […]
No discussion on political science is complete without a study of how power is wielded, its uses and abuses in the modern nation states. Indeed, power is the glue that holds nations together and gives them a semblance of control, as without the exercise of power, it would be difficult to keep chaos at bay.
The point here is that unless power is exercised by the rulers, there are no standards to follow and no order to be enforced. Of course, this does not mean that power is the only thing that is relevant in modern nation states. On the contrary, the abuse of power is a serious issue that often leads to revolutions and social movements.
In other words, power has to be exercised with great responsibility and accountability and unless, there is a judicious application of power, there cannot be a viable and functioning modern nation state.
Hence, the implications for modern nation states are that power must be accompanied by accountability and a chance for the people to either vote in or vote out those whom they feel responsible and sagacious and those whom they feel are abusing their power.
Thinkers like Machiavelli have expounded on the theme of power and its place in the state. They have pointed to the practice of statecraft and the practice of responsible power as being the criterion with which power is exercised.
In his seminal work, The Prince, Machiavelli elaborated on these themes and the necessity of those in power to work for the greater good instead of personal gains.
In India, Chanakya, in his Arthashastra, prescribed similar strategies that would hold the states together and which would promote social welfare rather than individual and selfish interests.
The point here is that power has to be exercised in a manner that would contribute to the welfare of the people and must not be abused for personal gains. This is the message that has been passed down the ages and which is something that many modern rulers have abandoned and mistook. This is especially evident in third world countries where the elected representatives instead of serving the people are serving themselves instead.
It is a sad state of affairs when the citizenry instead of being benevolent towards their representatives begin to detest them and hate them.
There is a saying that power corrupts and absolute power corrupts absolutely. This is a message that has to be taken seriously by those who wield power across the world and the people too have to ensure that they do not remain mute spectators to the abuses of power.
Further, the other pillars of democracy like the Judiciary, Legislature, Executive, and the Media likewise have to ensure that the constitutional checks and balances remain in place and that they are not trampled upon.
In conclusion, the study of power and its uses and abuses is fascinating and hence, we will be elaborating on these themes in detail in subsequent articles.
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What is Compassionate Capitalism and Why We Need it in These Times of Planetary Crisis ?
February 12, 2025
