If you have a great bureaucracy, it's kind of like being a parent. The state would never relinquish that role because that role is absolutely crucial if the state wants to impose decisions that it likes. I also use examples of China. You had people like for example, Kudorowski who were oligarchs but at some point they get in the state and are punished. That's actually not only inevitable, but it's actually part of the set up of the system.
Economist and author Branko Milanovic of the Graduate Center, CUNY, talks about his book, Capitalism, Alone, with EconTalk host Russ Roberts. They discuss inequality, the challenge of corruption in the Chinese system, and Milanovic's claim that in American capitalism, the texture of daily life is increasingly affected by the sharing economy and other opportunities.