Comment on BYD Reveals the ‘World’s Longest-Range EV’ as American Auto Industry Struggles to Keep Pace

• Quazatron@lemmy.world ⁨4⁩ ⁨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.

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• CosmoNova@lemmy.world ⁨4⁩ ⁨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?

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  • Ensign_Crab@lemmy.world ⁨3⁩ ⁨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.

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    • CmdrShepard49@sh.itjust.works ⁨29⁩ ⁨minutes⁩ ago

      American companies only make up a small portion of the US auto industry.

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    • CosmoNova@lemmy.world ⁨3⁩ ⁨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.

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      • SaveTheTuaHawk@lemmy.ca ⁨3⁩ ⁨minutes⁩ ago

        USA subsidized Detroit $80B since 2008, and that’s ignoring state graft for building assembly plants. What the fuck did they do with that money, attack Eastern industries?

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      • Ensign_Crab@lemmy.world ⁨3⁩ ⁨hours⁩ ago

        This is BYD selling cars for kess than the billionaires you care about want to.

        Nothing more.

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      • BoJackHorseman@lemmy.today ⁨3⁩ ⁨hours⁩ ago

        If the Chinese government is losing money on each car they export, soon China will be bankrupt. It only makes sense to buy more China cars at cheap rates and bankrupt their country.

        Also, there is no proof of subsidy, it’s just made up Western cope.

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  • Damage@feddit.it ⁨3⁩ ⁨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.

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• Legitimate_lake@lemmy.world ⁨5⁩ ⁨hours⁩ ago

  After that it’s “unfair competition” and the state has to intervene

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