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Aristotle’s template for tragedy included the downfall of a noble person through hubris (pride or arrogance).
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Lear is the classic Aristotelian flawed hero: he rules with casual arrogance, and only learns clear-sightedness through suffering.
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Lear’s tragic error is that he mistakes insincere flattery for genuine love; this leads to his downfall.
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Cordelia’s death is perhaps the final tragedy; after this, there is little hope in the bleak world of the play.