this post was submitted on 26 Oct 2023
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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.’”

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[–] [email protected] 30 points 1 year ago* (last edited 1 year ago) (1 children)

Marx is spinning in his grave, of course they are. You don't need to be a communist to read his book. Its called Capital, its almost entirely about capitalism, and much of the critique AND techniques he used for the critique (Dialectics) have become foundational in other aspects of modern society. They should make people read this in school, the only communist teacher I ever had in college made us young lefties who signed up read Milton Friedman and John Smith FIRST. The baby daddies of capitalism, and we did because not knowing only makes us dumber. Why are we dead set on not making ourselves smarter? Remember when General Milley said even he's read Marx, there's reasons for that.