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Tech billionaire Elon Musk is on track to become the world’s first trillionaire. It’s a sign markets aren’t working

Whether and how we use that power is up to us, but we mightn’t have it for long. The more the new class of billionaires and trillionaires becomes entrenched, the more it will be able to use the political system to protect their interests rather than those of mere mortals.

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