Yes, that's the first half minute. Saying China invested into wellbeing of the people and billionaires live only in America is a fairy tale.
Discussion
He didn't say billionaires live only in America. He was correct that China invested into wellbeing, and we have not. I've been to China, used their healthcare system - its not comfortable, but its cheap and effective. I omfe tried to estimate total loss to corruption in the US vs China - China had less.
As a more abstract thinker, I say China has less, guaranteed, because their population is too big for their landmass and that situation can't exist with American inefficiency