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Beware the Shadows of Leadership
Both elite and populist approaches carry inherent risks; elite individuals can become corrupted by greed and power, while the crowd can be swayed by charismatic leaders, leading to populism being hijacked by harmful figures. Trusting the people over elites can foster a more equitable system, yet there is a fine balance to maintain. Overreacting against corporatism may inadvertently harm capitalism and companies, especially with the delicate state of corporate tax rates that could drive businesses away if set too high. The growing dominance of private equity poses a significant threat to public wealth and could lead to widespread economic servitude for the average citizen.