Why Chinese Miners Are Smiling

Whoops! Right under everyone’s noses, they scored a monopoly on a rare resource we all use. In a swoop, this could bring the world to its knees.

Imagine if Walmart sold 97 percent of the world’s potatoes. It would have complete control over the sale of fries, chips and potato salad. There would be an outcry.

Think of the power it would have. If a district raised taxes or passed labor laws that Walmart didn’t like—bam: no potatoes. McDonald’s would be selling a Big Mac and fries without the fries.

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