Re: I cannot decide who I want to win this tussle ...
The heart of capitalism is the circulation of capital. The problem now is that capital is being concentrated into too few entities who just sit on the money thus removing it from circulation. If a country want to succeed economically it needs to even out the disparities at both ends of the economic spectrum (Ooh that sounds a bit like socialism - the horror).
At the moment we have leaders in many countries and companies who are doing the exact opposite, it seems some actually believe the lie of trickle-down economics, something that does not work, has never worked and will never work.
"Controlling the means of production." Well there's a phrase directly from the Communist Manifesto (and possibly Adam Smith as well) which may or may not be a good thing, what is obviously a bad thing however is offshoring the means of production in order to make short term gains without any consideration of the long term implications which is exactly what the west, led by the USA, has been doing for the last 30 or so years while China has been playing the long game all along and playing it very well. Add to the mix an economically incompetent and easily manipulated POTUS, US industry is doomed until it can recover some primary production, if it ever can.
This is a reason for the success of China, it can and does make long term plans while in most of the west "long term" means to the end of the current electoral cycle and the current penchant for dismantling the non-political non-governmental bodies that could make long term plans will only make things a lot worse. Yes QUANGOs and their ilk are not without problems but they should not be killed just on a political whim.