2. In the UK the elite was primarily from a very small group - a few thousand families - when I was born. This has changed as the UK became more like a meritocracy under Thatcher (they hated her for that!) But further change is needed.
Salaries are just one cost, if you are not making a profit, taking in money than you costs, why stay in business? Profit can't be irrelevant to production, ever. Machinery wears out, no profit, how do you replace it? No profit, no R & D, no iPhone no new medicines.
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You stay in business because it results in you getting paid, and your customers getting served. Coffers would be unnecessary in a market of public resources. Machine maintenance is the job of technicians. Medicinal research is almost all publicly funded lol, there’s no profit.
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