Wealth Is Not Coercive Power
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People have always been suspicious of the wealthy — from the Medicis in Renaissance Italy to modern tech titans in Silicon Valley. Over the past two decades, the combined net worth of the world’s 100 wealthiest individuals has surged from roughly one trillion dollars to over five trillion (though as we have seen with Elon Musk, these wealth estimates can fluctuate dramatically). Yet fears that this unprecedented accumulation translates to unchecked social control are fundamentally misplace
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