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.
I actually like how I heard Hasan explain it once: billionaires’ wealth in China is similar to how farmers hold land there. All the land is owned by the government, but you can lease it and make money on it. Billionaires in China are merely holding onto some of the wealth of the nation. It ultimately belongs to the people and if the peoples’ representatives decide you should no longer hold it, you won’t have it anymore.
I actually like how I heard Hasan explain it once: billionaires’ wealth in China is similar to how farmers hold land there. All the land is owned by the government, but you can lease it and make money on it. Billionaires in China are merely holding onto some of the wealth of the nation. It ultimately belongs to the people and if the peoples’ representatives decide you should no longer hold it, you won’t have it anymore.