Comment by naravara
5 hours ago
The more abstract the “wealth” becomes the less it means in practical terms. The class dynamics around money mostly has to do with the State actively preserving and protecting claims over assets. If that same wealth becomes sufficiently concentrated with an overclass that it leeches away the competence and legitimacy of the State, then the underclass has other means of correcting the gap and establishing a more sustainable equilibrium.
The traditional means of reestablishing equilibrium are becoming more and more infeasible as state defenses and tactics improve. We are rapidly approaching a time when the asymmetric attacks on state protections traditionally used are less effective than the information asymmetry that the state can enforce. Hong Kong is a great example of these defenses leveraged effectively.