An excess of billionaires is destabilising politics is a headline any of us could have written. This piece in the Guardian details how more problems for society go hand in hand with more billionaires…
Qualitatively, yes: all billionaires are bad news in politics; all bought influence is undemocratic. But as billionaires line up behind a neofascist, you can see that this is a new phase in which they’re looking for more bang for their buck. They’re not trying to protect their commercial interests; they don’t need more money. They don’t even seek to shore up their own political influence – rather, to neuter any influence that may countervail it. Delinquent elites are in an open crusade against democracy, which, yes, does appear to be pretty destabilising.
(graphic by Ron Lach @ Pexels)
