this post was submitted on 19 Jan 2026
101 points (99.0% liked)

Progressive Politics

3702 readers
863 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago
MODERATORS
 

The richest people on the planet are far more likely to be in power politically than everyone else, Oxfam’s annual inequality report found.

Some 74 of the world’s 2,027 billionaires held either executive or legislative government positions in 2023, giving them a 3.6% chance of holding office, according to Oxfam’s study, which was released Sunday. By contrast, the average global citizen had just a 0.0009% chance of holding office.

“This year’s report really shines a light on the relationship between political inequality and economic inequality,” said Rebecca Riddell, senior policy lead for economic justice at Oxfam America. “The fact that billionaires are 4,000 times more likely to hold office than you or I underscores just how much outsized power billionaires have.”

top 4 comments
sorted by: hot top controversial new old
[–] Exeous@lemmy.world 13 points 1 day ago

They have time on hand to waste! No work mean lots time to do public office!

[–] Shirasho@lemmings.world 6 points 1 day ago

Power hungry people are more likely to apply for positions of power. People become politicians because they want to assert power over other people. You don't become a politician if you don't want change.

People with money are greedy by definition and will do their damnedest to keep it.

[–] KoboldCoterie@pawb.social 5 points 1 day ago (1 children)

Is it that billionaires are more likely to hold office, or that people who hold office are more likely to be filthy rich? Likely both, but an interesting but missing statistic would be what the average net worth of people who enter public office is vs. what their net worth is when they leave.

[–] yonderbarn@lazysoci.al 7 points 1 day ago

The article says the former.