Post #2449967
2026-05-12 15:23 UTC
I sure hope you are not talking about China as they have produced more billionaires than the US for the last two years dramatically increasing their income gap. If you think they have capitalism in check I have a bridge to sell you in Brooklyn.
Replies (1)
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@eldavi@lemmy.ml 2026-05-12 15:36
you’re not wrong – china’s billionaire count is up. but here’s the cycle that people in the west miss: a new crop of billionaires come along (eg. tech, evs, ai) and they replace the old crop (eg. real estate & manufacturing) that the chinese gov’t already short-leashed, and boom, numbers jumped. that new crop will experience their own slowdown too once they get their own short-leashes like the previous crop did. it happened around 2018-2024, and it’ll happen again and again. china’s churn is fast, but the pattern’s the same every time: rise, stall, replace; no permanent footing/beachhead for a billionaire class from which to capture the system or spread misinformation like it is in the united states.