this post was submitted on 18 Nov 2022
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[โ€“] PythonGuy@lemmy.ml 3 points 2 years ago (1 children)

Yeah ive heard, some of them rich enough that they own soccer teams. China is also having simmilar issue but apperntly xi jing ping is soon to crack down on that.

[โ€“] yogthos@lemmy.ml 5 points 2 years ago* (last edited 2 years ago)

From what I've seen the big difference with China is that the rich never got control over the core economy or the government. When they pipe up then they get smacked down as happened with Jack Ma. I certainly do hope Xi follows through on the whole common prosperity thing and wealth redistribution he's talking up.