autarky etymology

Etymology:

• From Ancient Greek αὐτάρκεια (autárkeia), from αὐτός (autós, "self") + ἀρκέω (arkéō, "to be enough, to suffice")

Meaning:

• Self-sufficiency
• The ability to meet one's own needs without external support
• Economic independence

Origin:

Autarky emerged as a concept in ancient Greece. The philosopher Plato discussed it in his work "The Republic," advocating for a society where each individual contributes to their own well-being and the collective good.

In the early 20th century, the term gained renewed attention with the rise of nationalism and economic protectionism. Countries sought to become economically independent by reducing their reliance on imports and promoting domestic industries. This trend was particularly evident during the Great Depression, when many nations embraced autarkic policies to stimulate their economies.

Today, autarky remains a controversial concept, with debates over its economic benefits and drawbacks. Some argue that it promotes self-reliance and economic security, while others maintain that it can lead to stagnation and inefficiency.

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