I was reading this text from the Washington Post (sorry for the maybe paywall):

https://www.washingtonpost.com/opinions/2022/10/06/xi-jinping-crackdown-china-economy-change/

The opinion asserts that in response to liberalization of Chinese life, driven by capitalistic economic growth, is the reason that Xi Pinjing "cracked down in every sphere imaginable — attacking the private sector, humiliating billionaires, reviving Communist ideology, purging the party of corrupt officials and ramping up nationalism (mostly anti-Western) in both word and deed."

My conspiratorial brain latched on to the humiliating billionaires line, and started thinking about a between the lines message along the lines that billionaires are good and should not be humiliated, a subtle warning-response to the progressive grumblings here in the U.S. that a failure to support capitalism will result in totalitarianism.

Then I started thinking about the questions, are billionaires good for society? I had always held the position that a billionaire is a market failure (in my econ 101 understanding of the term), much like pollution. It is improper hoarding and unfair leveraging of capital into disproportionate and un-earned degree of pesonal privilege.

It is certainly a by-product of euro-american capitalism, whereby the desires and welfare of the many are trodden on by those with the ability to fight and to shape the regulatory machine meant to protect the interests of the common-wealth.

I see a few possibilities. One, is that my understanding of economics is wrong, and producing as many billionaires as possible is the ultimate goal of capitalism and in fact good for everyone, even in theory.

Two, it is indeed as I suspect, a market failure. And the failure here is one of degree, it is not, in fact problematic to have some individuals with significantly greater wealth among us, and is, in fact, beneficial overall, but to have some with so much more than the rest of us (wealth inequaility) is a result of getting in the way of a clean functioning marketplace.

Three, economic theory is working as described, and economic theory/activity is an insufficient foundation for the maintenance and success of a whole society, and we need to find a way to constrain it to its own sphere, so that it provides us with what we need to be healthy and happy, but no more.

I turn to the bright minds of tildes: am I looking at this right?

A friend shared a troubling website with me. I'm not 100% sure why I found the site so troubling, but one thing that stands out is its slick sophistication. There are two primary facets to this sophistication: the organization and the presentation. https://defeatthemandatesdc.com.

The presentation is, at very first glance, about what I would expect from a leftist or progressive group. It didn't take long for me to detect something was off, and an a quick reading of what they are after confirms it's neither leftist nor progressive. But that very first impression, which was followed by a sense of confusion as part of my subconscious detected the true message, was unique for me, I can usually detect political bias instantaneously. (This is a curse more than anything else, a symptom born from trauma, but that's another discussion.)

Regarding the organization, it seems focussed and professional. There's some real effort and intellegince both behind the design and messaging at least. If that is representative of a larger effort, that indicates significant funding and effective organization skills at play. I can't quite articulate what's differnt from previous and ongoing, similar efforts. There's something, fundamentally different here that projects real power, depth, and sophistication, and that is deeply disturbing. Efforts like whatever was behind Jan 6 seem chaotic and angry. This effort feels more collected, dispassionate, focussed, and expansive.

I'll start with @TheFanficGuy's reply to a comment of mine where he said you can bring down an authoritarian regime without a coup'd etat/successful civil war, although I admittedly can't really imagine any dictator just giving up power like that unless it hurts their economic allies. (And the Arab spring shows this above all else.)

I also wouldn't be surprised if many of these regimes only make a minimal amount of effort to keep their population shut.