Tech billionaires are pushing for a new political model where private funding could effectively replace public elections, raising concerns about the erosion of democratic principles. Proposals include allowing wealthy individuals to purchase political influence through direct funding of governance, bypassing traditional electoral processes. Critics argue this could concentrate power in the hands of a select few, undermining the fairness and accountability of democratic systems. The debate highlights growing tensions between private wealth and public participation in decision-making.
Silicon Valley billionaires hope to buy their way out of democracy
