Central planned economy and the US

Posting this here so I can discuss this with someone who knows about Economics so they can explain it to me better.

an extreme concentration of wealth at the center of our market economy has led to a form of central planning. The concentration of wealth is now in so few hands and is so extreme in degree, that the combined liquid financial power of all of those not in this small group is inconsequential to determining the direction of the economy. As a result, we now have the equivalent of centralized planning in global marketplaces. A few thousand extremely wealthy people making decisions on the allocation of our collective wealth. The result is inevitable: gross misallocation across all facets of the private economy.