Earlier quoted context omitted.
I think it'd be horsehockey if I were claiming that the Chinese or white people or Americans or whoever is intrinsically more intelligent or "culturally" hard-working or whatever. That's bullshit. I can understand the gut reaction to any mention of IQ since it is a common trope among racists on the internet. But my claim is not that: it is about the pretty clear concentration of inherited wealth in the US, compared t…
China's parliament has ~100 billionaires, and the concentration of wealth is even more extreme than that when you count those with a net worth exceeding, say, $100 million instead. The difference between those at the top in China and those at the top in the US is not one of wealth concentration or inheritance or intelligence. The difference is access to raw power, national unity, and a massive foundational population…
Billinares have enourmous power, then putting them into the power system, is a appropriate recognition; and ensures appropriate control and management as well.
While in US, the enourmous power of billinares are masked behind an entagled web of legal and political constructs, which are so complicated that the ones involved probably dont have a clue how much power they actually have. Today they can be enoumously powerful, the next day they are suddenly under constant barrage from all sides. Like FB Google and Twitter were chanted as the beacon of free world's inevitable domination in world in the grassroot's revolutions in middle east (Arab's spring); now they were blamed for almost every instances of domestic plitical failures.
A better approach might be subject these powers into the government system, and manage and use them as tools. Instead of pretending that a free-rein systems can regulate themselves, which ends up with a swamp of complications and complexity that no one is able to remotely influence the thing with a coherent vision and strategy.