China has been a so-called communist country for over half a century and the number of private billionaires has grown, so this whole “billionaires happen during the gradual transition to communism” argument doesn’t really work when you start with zero billionaires with Mao and now have 814 billionaires.
Or am I to believe the number of billionaires keeps going up and up and then -bam- elimination of market economies?
But I’m sure Roderic Day, who appears to have no academic credentials, can find all kinds of explanations.
And in 20 years when there are over 1600 billionaires in China? Communism is just around the corner, baby!