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.’”
It’s a term from the Roman empire. Basically it’s saying if you keep people well-fed and entertained, they’ll let you do anything.
https://en.wikipedia.org/wiki/Bread_and_circuses
I wouldn’t put too much stock in that… the internet itself has proven that no matter the distractions, better-informed people will always have a habit of caring about stuff the elites don’t want them to care about. And that’s just a very recent example.