I actually agree with this .
Yes .. Ultra rich doubled their net worth over the last 2 years... us not so much.
Not sure how the Pandemic comes into play here ?
Because they have little to no regulations. I will assume you are for regulatory oversight ?
Because they have poor infrastructure , weak laws and enforcement , low taxes and corrupt government .
When Americans complain about high corp. taxes ( which they are not) in the US we should remember that the reason companies are so successfull in the US is because we all pay taxes to create and maintain roads , rails , electricity , clean water , an educated work force and law enforcement. They profit handsomely from what we all pitch in to create.
Try starting a company in Russia. 1st you pay bribes to even get permission followed by more to get anything else... maybe you can get reliable power.. or water . Then you need educated workforce . I dont see many companies relocating there ...lol