Billionaire politicians have become 'shockingly common' around the world, new study finds - eviltoast
Billionaires who become politicians tend to "lean to the right ideologically," according to the research.

More than 11% of the world’s more than 2,000 billionaires have run for election or become politicians, according to a study highlighting the growing power and influence of the super-wealthy.

While billionaires have had mixed success at the ballot box in the U.S., billionaires around the world have a “strong track record” of winning elections and “lean to the Right ideologically,” said the study, which is by three professors at Northwestern University.

“Billionaire politicians are a shockingly common phenomenon,” the study said. “The concentration of massive wealth in the hands of a tiny elite has understandably caused many observers to worry that the ‘super-rich have super-sized political influence.’”

  • JoBo@feddit.ukEnglish
    8·
    1 year ago

    Yes, I’m glad they added this (on why there are more billionaire politicians in authoritarian countries):

    ‘We surmise that this is due to stronger wealth-protection motives for political entry in autocracies and the wide array of ‘stealth’ pathways to informal political influence in democracies,” the study said.

    Billionaires in (so-called) democracies don’t need to get their hands dirty. They can control the whole polity via well-paid lackeys.