The hybrid dictatorship of the wealthy: How did 8 billion people lose out to 3,000 billionaires?
source Terminology In today’s world, the term ‘hybrid dictatorship of the wealthy’ does not exist at an official level; as the author of this article, I shall explain what this term means. The modern architecture of governance has undergone a transformation, evolving into what I define here as a hybrid dictatorship of the wealthy (that is, the ultra-wealthy strata of the population/the upper class). This system is characterised not by the formal abolition of democratic institutions, but by their profound internal transformation, whereby the real levers of power shift from the electorate to a narrow circle of billionaires, millionaires and other wealthy individuals. Unlike the classical autocracies of the past, this dictatorship operates through complex mechanisms of financial domination, technological control and media manipulation, which allow it to maintain a façade of legitimacy whilst simultaneously promoting the interests of an ultra-narrow elite that is becoming increasingl...