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.’”

  • Flying SquidM
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    801 year ago

    They already run the world. They just don’t want to do it behind closed doors anymore.

    • @masquenox
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      651 year ago

      The old capitalists were smart… they knew that hiding behind politicians camouflaged the class structure that enabled their privilege and power. But now it seems they’ve forgotten the lesson of the guillotine…

      • @MindSkipperBro12
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        261 year ago

        And you have forgotten the power of the bread and circus.

        • @[email protected]
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          131 year ago

          I think they’ve combined politics with the circus. Now even people who think they’re paying attention are really just watching a show.

        • @masquenox
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          31 year ago

          Oh? And what power is that?

          • @MindSkipperBro12
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            231 year ago

            People don’t care what the rulers do if they’re well fed and entertained with distractions.

            • enkers
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              151 year ago

              Yeah, the annual inflation rate reached 3500% in France before the start of the revolution. Things have to start looking pretty destitute before people are willing to put their own lives at risk. When they’re faced with potential starvation, though, eating cake starts to sound pretty good.

            • @masquenox
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              01 year ago

              I wouldn’t put too much stock in that… the internet itself has proven that no matter the distractions, better-informed people will always have a habit of caring about stuff the elites don’t want them to care about. And that’s just a very recent example.

              • R0cket_M00se
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                21 year ago

                Even if we are assuming those who consider themselves well informed actually are, which is a joke unto itself, as most people are capable of and already are victims of misinformation regardless of what side you’re on (believe it or not propaganda exists for both the left and the right) it’s just not realistic to think they’re a sizable enough chunk to do anything of value.

                • @masquenox
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                  01 year ago

                  propaganda exists for both the left and the right

                  If you equate the miniscule amounts of narrative that can be called “leftist” with a straight face with the gargantuan pro-status quo right-wing propaganda machines that sucks up next-to uncountable amounts energy and treasure it simply means you, yourself, must be counted as one of those that aren’t all that well informed.

                  it’s just not realistic to think they’re a sizable enough chunk to do anything of value.

                  And you know this… how?

      • @killeronthecorner
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        51 year ago

        They didn’t forget it, they discarded it when they realised a docile middle class will vote against their own self interests almost indefinitely.

        • @masquenox
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          01 year ago

          They didn’t forget it, they discarded it when they realised a docile middle class will vote against their own self interests almost indefinitely as long as nobody in power gives them the option of voting in their own interests.

          FTFY - it’s the only true “western” contribution to statecraft.

      • @cmbabul
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        41 year ago

        The new capitalist never bothered to read their Machiavelli

      • R0cket_M00se
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        21 year ago

        That’s because they have the technology to just fuck off to some private island surrounded by a private army if things get shitty.

        That’s why they don’t fear the people anymore, they can’t just be dragged from their castles and chopped to bits like the French Revolution.

        • @masquenox
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          -11 year ago

          That’s because they have the technology to just fuck off to some private island

          You mean… technology they don’t have the foggiest clue how to maintain and operate themselves? Who will be mining the precious minerals and extracting the fuels that technology requires? And if things really get that shitty, their money isn’t going to be of much use to their army of private goons, is there?

          That’s why they don’t fear the people anymore,

          Oh, they do… the fact that their first-choice in goon institutions - publicly-funded police - still exists prove that beyond a shadow of a doubt.