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#balances

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The new interconnected breed of #autocrats gains and retains power
-- by deception --

globally #undermining #democracies through their own institutions

An autocratic wave has crept up on us in the U.S. -- and over the world in the last decade.

#Democracy and #autocracy were once seen as two separate and distant worlds
with little in common,
and that the triumph of one weakened the other.

Now, however, autocrats across the globe,
in poor and wealthy nations,
in established and nascent democracies,
and from the right and left,
are using the same tactics to ⚠️dismantle democracies from within.

As of 2021, of the 104 countries classified as democracies worldwide,
37 had experienced moderate to severe deterioration in key elements of democracy,
such as open and free #elections,
fundamental #rights and liberties,
civic #engagement,
the rule of #law,
and checks-and-#balances between government branches.

This democratic backsliding wave has accelerated since 2016 and infiltrated all corners of the world.

scientificamerican.com/article

Scientific AmericanMeet the New Autocrats Who Dismantle Democracies from WithinThe new interconnected breed of autocrats gains and retains power by deception, globally undermining democracies through their own institutions
Continued thread

2. She said: “if Alameda’s FTX #accounts had significant #negative #balances in any particular #currency, it meant that #Alameda was borrowing #funds that FTX’s #customers had deposited on the #exchange ”. She and #Bankman-Fried agreed to conceal this arrangement from lenders and crafted false #financial statements to hide the #amount of Alameda’s borrowing, including #billions in #loans made out to #FTX executives.

Replied in thread

@andrewstroehlein

i don't have a straight forward one:

it has to be backed up by #thoughtful #transparent #systems

can be #crowd #sourced (#guaranteed and #robust #education system for the crowd to be able to weigh in maybe)

subject matter experts (#sme) and #generalized jack of all trades kinda #experts acting as additional #layers of #checks and #balances (should be not #beholden to special interest groups, #sig)