Robert Peston

Your network essentially becomes a monopoly and you make untold billions from that monopoly.

And so there is the sort of Mariana Mazzucato predistribution point is about how do you stop businesses essentially becoming these monopolies before they become monopolies?

Well, no, there's an up and pickety point there.

which I think millions and millions of people would agree with, is that there are some sums of wealth that individuals accumulate, which are...

Just inherently too much.

And they're too much for two reasons.

But the fundamental one is the power that they confer power to influence politics in the way that Musk does, but also power that trickles down through the generations.

If you're lucky enough to inherit even.

I don't know, 5% of Musk's wealth, you yourself will be massively wealthy and massively powerful.

It creates dynasties of, you know, a bit like the pharaohs of Egypt.

And people, you know, the argument is this is just bad for society to have power.

You know, when you have concentrations of money on that scale, you also have concentrations of power.

And that is bad for all of us.

There is a topical version of this.

I mean, you know, you pay money, takes your choice whether you think, you know, this is too much power or not.

But a couple of billionaires and, you know, particularly operating in the crypto space, have given a lot of money to Farage and reform.

That is power, right?

No, but they are interfering in British politics.

They are, but the answer to that isn't tax.

They are British in the sense that they are able to make the donation.