“social status and ability to direct human labor” doesn’t require ownership just control.
In the US congress controls in the funding, but in a dictatorship the guy at the top can unilaterally allocate billions and then manage how it’s spent. It’s not total control of all government assets but it is control of a significant fraction of a modern economy.
Just as a thought experiment, suppose he wanted to fund Doctors Without Borders or some other international charity. Do you really think he’d have trouble sending the equivalent of 1 billion USD in Chinese government funds to that org? How about 2 billion? Obviously at some point it wouldn’t work but where exactly that line is says a lot about the power he has.
In the US congress controls in the funding, but in a dictatorship the guy at the top can unilaterally allocate billions and then manage how it’s spent. It’s not total control of all government assets but it is control of a significant fraction of a modern economy.
Just as a thought experiment, suppose he wanted to fund Doctors Without Borders or some other international charity. Do you really think he’d have trouble sending the equivalent of 1 billion USD in Chinese government funds to that org? How about 2 billion? Obviously at some point it wouldn’t work but where exactly that line is says a lot about the power he has.