this post was submitted on 01 Jul 2023
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I just call them oligarchs, which already has a negative connotation
And also is completely accurate. Mainstream media, mainstream politicians and others who are members of the big club want you to think that only Eastern Europe and parts of Asia (not the parts they have lucrative business with) are mostly controlled by a few rich people.
The reality is that the US has more than a third of the world's billionaires in spite of having only 5% of the population and those billionaires and the rest of the. 1% ABSOLUTELY are oligarchs that control the country much more than any elected officials.