China now has 41% of all companies in the $200 billion and above market cap area; the US has 38%. I'd say, from this obviously distorted view, that the world economy is an oligopoly. And since it's China who does all the exporting, I'd say they're market-makers or price-makers.
Hopefully, the same fate that befell Japan will happen to China.
If not, then it's us. Click the picture for an expanded view (coming soon -- for the time being, click the link below and then click on the multimedia link in the story).
There’s Peril in the Parallels as China Takes a Top Spot - New York Times
Hopefully, the same fate that befell Japan will happen to China.
If not, then it's us. Click the picture for an expanded view (coming soon -- for the time being, click the link below and then click on the multimedia link in the story).
There’s Peril in the Parallels as China Takes a Top Spot - New York Times
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