“A free market is self regulating” until someone makes a better product for less money, I guess.
Comment on BYD Reveals the ‘World’s Longest-Range EV’ as American Auto Industry Struggles to Keep Pace
xenomor@lemmy.world 8 hours ago
It’s amusing to me that the same folks to deride Chinese car manufacturers because they are somehow cheating by getting support from the government are the same people demanding that the US government artificially protect the US car industry by blocking Chinese imports. The point being that neither side actually objects to government participation in the market. But, one side uses it to make better products and service consumers, and the other does it to protect worse products from market forces.
reev@sh.itjust.works 6 hours ago
Quazatron@lemmy.world 5 hours ago
We tasted some of that self regulating ‘free market’ a while ago. Banks were having huge profits from the housing bubble until the subprime crisis hit, banks went into default, and the losses were picked up by public money.
My profit. Our losses.
msage@programming.dev 37 minutes ago
My profit. Your losses.
CosmoNova@lemmy.world 5 hours ago
The point both of you deliberately overlook is that China is not participating in a free market anyway. They never played by those rules so there‘s no point in treating them the same way as anyone who does. There is a lot of hypocrisy to be found in politics and economics around the world and China itself is a prime example of that. But a measure to defend yourself from an obvious case of economic warfare is the most understandable thing in history. Your criticism is misplaced and irrational. I mean do you seriously think a monopoly is desirable?
ParlimentOfDoom@piefed.zip 15 minutes ago
There no such thing as a free market. It’s a constant pull between monopolistic forces and government restriction.
daychilde@lemmy.world 7 minutes ago
Ideally, although the US is trying our best for monopolies…
Ensign_Crab@lemmy.world 4 hours ago
We’ve had of ecocomic warfare already. It was just fine for US companies to hollow out domestic manufacturing so China could build the manufacturing infrastructure that could have been built in the US.
But now that a Chinese company is building things that undercut a US company, you want protections for US billionaires that weren’t afforded to US workers.
CmdrShepard49@sh.itjust.works 1 hour ago
American companies only make up a small portion of the US auto industry.
CosmoNova@lemmy.world 4 hours ago
Are you ignoring the whole subsidies thing on purpose? This is not BYD attacking Tesla. This is the Chinese government attacking western industries.
Damage@feddit.it 4 hours ago
China defends its interests and follows what rules it deems advantageous. Just like everyone else does. It may upset you but they’re just better at playing this game than most countries nowadays.
Legitimate_lake@lemmy.world 6 hours ago
After that it’s “unfair competition” and the state has to intervene
SaveTheTuaHawk@lemmy.ca 1 hour ago
People CONSTANTLY harp on Chinese government support of the EV industry.
Name one ICE manufacturer not taking state and federal money. Detroit took $80B in handouts after 2008. That’s far more than the Chinese government has spent, and the largest investor in Chinese industry, by far, has been Apple Computers.
So China ended up with a new industry taking the world stage. What did we get from Detroit? Bloated low tech shit boxes that barely make it past warranty.
Blackmist@feddit.uk 12 minutes ago
The UK was constantly bribing car makers to stay, and most of them still fucked off.