Which is more concerning? (a) Extremely wealthy people accumulating too much power (b) Governments limiting the wealth of citizens to limit their power
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This question is admittedly well above my pay grade, but the gist of what you've said is my impression, too.
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Is there a good primer book/article/video/podcast/etc. on this that you'd recommend? I know very little about it, but India seems like a really useful economy to look at
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