State sponsored capitalism is what everyone does. The only reason Tesla even exists is because of US government support
Comment on Why Americans Can’t Buy the World’s Best Electric Car
theonetruedroid@lemmy.dbzer0.com 1 month agoIt’s state sponsored capitalism and China has pumped a ton of money into BYD to get them to where they are.
I can see them giving larger tax breaks to companies in the US, but current administration is all in on tariffs as the way to increase our domestic production. It doesn’t make ours any better or cheaper, just everything else more expensive.
Ileftreddit@lemmy.world 1 month ago
pupbiru@aussie.zone 1 month ago
it also makes your domestic products more expensive because cars etc still have to source components and industrial machines from internationally so it’s tariffs all the way down
sugar_in_your_tea@sh.itjust.works 1 month ago
And if they didn’t source internationally, they’d have to pay local labor prices, so it’s more expensive regardless of the direction they choose to go.