Lol sure, they won’t be calling the shots. I think you forget how capitalism works.
What happens when there are a thousand billionaires? The government is not going to round them all up. Naw, they are going to call the shots.
Already corporations keep getting more and more regulations and laws written are at their request. It is already happening and will continue to accelerate.
Welcome to the fascist world.
redwattlebird@lemmings.world 5 days ago
But China isn’t a crony capitalist country like America. The money is set up to always favour the government over there.
Things are the way they are in places like America because the government exists because of the billionaires (bribery, lobbying etc). In places like China, the billionaires exist because of the government (surveillance, prison sentences etc). This is most likely because Xi is driven by ideology, not greed.
The only way for the billionaires to take over China at the moment is to come together and start their own army to go to war. No way that’s going to happen because wars are a drain on capital.
Doomsider@lemmy.world 5 days ago
China is controlled by a group of wealthy elite people. The wealthy people don’t need to make an army to take control just like the wealthy people of the US don’t. You seem to be confused about how things really work.
I am sure there are interesting power dynamics between old and new wealth in China just like the US. As their wealthy class explodes so will their their proxies the corporation thus increasing their power to lobby. The fascist cycle repeats.