Extreme Wealth’s Threat to Democracy with Patriotic Millionaires Canada

Extreme Wealth’s Threat to Democracy with Patriotic Millionaires Canada

From Perspectives: A Canadian Journal of Political Economy and Social Democracy by Broadbent Institute

January 28, 2026 · 33 min

About this episode

The episode discusses the consensus among wealthy individuals regarding the dangers of extreme wealth inequality to democracy.

Even the rich agree: extreme wealth inequality is a threat to democracy. In a new survey conducted by Patriotic Millionaires of millionaires and billionaires across G20 countries, 65% agree that extreme wealth is a threat to democracy. Yet, in front of billionaires on the Davos stage of the World Economic Forum, Prime Minister Mark Carney touts tax cuts and subsidies for AI data centres while mourning the end of the liberal world order and democratic backsliding. On the other hand, NDP leader...

Topics covered

  • wealth inequality
  • democracy
  • political economy
  • G20
  • tax policy

Keywords

  • wealth inequality
  • democracy
  • Patriotic Millionaires
  • Mark Carney
  • G20
  • tax cuts
  • social democracy

Mentioned in this episode

Organizations: Patriotic Millionaires Canada, World Economic Forum, NDP

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