Across the world --from Italy's Berlusconi, to the US's Kennedy family, to Chile's Matte --wealthy business families have not only been part of the economic elite but are also political powerhouses.This phenomenon raises the question: What drives these families to engage in politics?Along with fellow researchers Patricio Duran and Michael Carney, I studied their motivations by looking at Chilean business families and their direct participation in politics from 1989 to 2020.Our research revealed that the reasons extend beyond mere economic gains, and it can apply to many family businesses operating in democratic societies.
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Marcelo Ortiz (2024) studied this question.
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