The likes of Walmart, Amazon, Apple and Google are dominating the economy in the United States. Photo: AP

Forget China, the biggest threat to the US economy is the rise of its ‘oligarchs’ and ‘robber barons’

  • A wave of mergers and acquisitions has left sectors like airlines, retail and banking with heavy concentrations of power
  • Denise Hearn, co-author of ‘The Myth of Capitalism: Monopolies and the Death of Competition’ plays down the impact of the US-China trade war.
Topic |   China economy

TOP PICKS

The likes of Walmart, Amazon, Apple and Google are dominating the economy in the United States. Photo: AP
READ FULL ARTICLE
Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.