China is wrestling with a novel phenomenon: inherited wealth
economist.comI thought this was going to be an interesting take on how to prevent all the wealth from being passed down within families. But no, it's just about China becoming more like the west here. Generational wealth; the rich, and their children, get richer. Everyone else stays poor. There must be a better way.
Heritad privileges are a thing in China before. Look at the president who is the son of a (fallen) high politician.