Capitalism only works in theory in practice it's all homeless encampments, people going hungry, wealth inequality, gender inequality, race inequality, global inequality, climate disaster, war.
You know what happens when an entire nation is exposed to luxurious lifestyles of an extremely wealthy minority?
Revolution. Revolution happens.
Chinese politicians know this fact too well, that's why they're trying to make rich people hide their wealth.
I mean actually fixing the problem is out of the question, that would be communism.
Yeah, my thoughts exactly. Gotta suppress those aspirations before they get out of hand. Wealth is just the theme in this case, but could be anything else.
Communism wouldn't fix much, and it would only be a temporary fix. It doesn't work well at a larger scale which is why every country that has tried it has either fallen apart or turned into a dictatorship.
We're better off finding the proper balance between capitalism and socialism until someone comes up with a better system that actually works.