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Broncojohnny's avatar

Further to your comment, in collectivist societies these enclaves of power still exist but instead of being centered around money, they are centered around political power. In the Soviet Union, the people riding around with flags on the fenders of their limousines were the upper class and they ruled by doling out the power of the state to who they deemed as deserving. This is similar to China today, which has a similar system but with more palatable (to the west anyway) capitalist slant wherein the CCP decides which company lives or dies.

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