• hemko@lemmy.dbzer0.com
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    8 months ago

    I mean the term oligarch has a clear definition that differs from billionaire, but to be honest pretty sure many billionaires meet the criteria…

    Quickly from wikipedia

    A business oligarch is generally a business magnate who controls sufficient resources to influence national politics.[1][2] A business leader can be considered an oligarch if the following conditions are satisfied:

    uses monopolistic tactics to dominate an industry;
    possesses sufficient political power to promote their own interests;
    controls multiple businesses, which intensively coordinate their activities.

    Edit: also this smells a bit like tankie propaganda pointed towards liberals and conservatives