We "own" the largest market, the world standard currency, the world bank, and the best logistics/transportation systems around, all backed by the best military in the world.
We own the market place AND we produce against their own, on their own turf, paying their best and brightest ten times the per capita income for level entry IT jobs, working for us, and competing against their own industry.
We don't need to own all the business, we just need to own enough of it to exert control over all of it.
That was actually a typo on my part. It should have ready, not one is going to own "the business" in places like China and India = as in have it all, be so dominant that they don't need to worry about competition, as in "own the town" or in this case country.
To think otherwise is very dangerous. Underestimating the competition is always a mistake. Far better to take the steps we should be making now.