There is a fundamental tension between extreme wealth and the very possibility of democracy. That’s because extreme wealth is always an extreme powerThe stock market listing of SpaceX has led to an outpouring of celebration, from Wall Street to Silicon Valley. Yet those who rejoice in Elon Musk’s fortune surpassing the $1tn mark need to be reminded of a simple and vital truth: the mere existence of trillionaires is a major political and economic problem…
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