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Lessons from China's history
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Wee Kek Koon

Reflections | Rich men like Elon Musk and Jeff Bezos were looked down on in ancient China. All except one

  • Merchants were placed near the society’s bottom in the Confucian world view, below scholar-officials, farmers and artisans, but above entertainers and criminals
  • A famous exception was Lü Buwei, whose decision that a minor prince was a good investment paid off magnificently

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Unlike the present day, businesspeople such as Elon Musk (pictured), Jeff Bezos and Bill Gates were held in contempt in ancient Chinese society. Photo: AFP

The rich seem to be everywhere these days, their goings-on and every pronouncement crowding our newsfeeds, social media and conversations.

Elon Musk is the most ubiquitous – and annoying – but there are others like him: Bill Gates, Jeff Bezos and so on.

Their actions and words have a power and influence that is usually the preserve of the leader of an important country.

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In fact, they behave like one, meeting with heads of government and sending markets and exchange rates into a frenzy with a single word.

Money talks. When Musk, Gates and their ilk speak, the rest of us had better listen.

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Unlike the present day, businesspeople were held in contempt in Chinese society. Merchants were placed near the bottom of society in the Confucian world view, below scholar-officials, farmers and artisans, but above entertainers, criminals, slaves and other forms of low-life.

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