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Billionaire politicians have become 'shockingly common' around the world, new study finds (www.cnbc.com)

submitted 1 year ago by MicroWave to c/world

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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] 1 points 11 months ago

Oh - that's quite a deliciously nuanced take, a subtext that I indeed did not catch.

I'm at times a simpleton; I chuckled at "billionaire jerky" and "pickled billionaire," as the phrases reminded me of the Bubba Gump quote.

I hear your point now - compared to the hundreds of millions of cattle, pigs, and chicken processed annually, 2000 billionaires would be small potatoes. The end product would be so scarce, supply/demand would necessarily dictate an ironically immense price, only affordable to those that served as the raw material.