In the United States, wealthy individuals like Elon Musk and Jeff Bezos are allowed to dominate the country’s politics and economy. But there is another way.
Unfortunately, the bad side effect of this is that a billionaire class will inevitably form
hardly. you can tax your way out of that, require shares to be distrubuted among employees, maximum wages etc. China has billionaires because they don’t value not having them enough to not have them for now.
Sure, you can, but not without undermining the goal AssortedBiscuits outlined. China is still in the process of developing their productive forces to lead to a genuinely post scarcity society, being essential to the global economy is the only way to ensure they can’t be isolated and implementing the systems to do away with billionaires can only get in the way of that for hardly any material benefit in a country that large and with so few billionaires per capita with a comparatively low share of wealth where they have no meaningful way to impact policy with their wealth anyway.
hardly. you can tax your way out of that, require shares to be distrubuted among employees, maximum wages etc. China has billionaires because they don’t value not having them enough to not have them for now.
Sure, you can, but not without undermining the goal AssortedBiscuits outlined. China is still in the process of developing their productive forces to lead to a genuinely post scarcity society, being essential to the global economy is the only way to ensure they can’t be isolated and implementing the systems to do away with billionaires can only get in the way of that for hardly any material benefit in a country that large and with so few billionaires per capita with a comparatively low share of wealth where they have no meaningful way to impact policy with their wealth anyway.