this post was submitted on 20 Jun 2024
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China

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From 2021 to 2024, the total wealth controlled by billionaires in China’s mainland declined by 47%, from $2.5 trillion to $1.3 trillion. (x.com)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 0 points 4 months ago* (last edited 4 months ago) (1 children)

A dictatorship by the proletariat, means the proletariat make sure the billionaires are not above the law and the state ultimately serves them and not the owner class. And yes you can have billionaires under socialism but it is the ultimate goal to abolish property.

It seems like PRC is on the right track. Xi is gradually pushing the button.