There no such thing as a free market. It’s a constant pull between monopolistic forces and government restriction.
Comment on BYD Reveals the ‘World’s Longest-Range EV’ as American Auto Industry Struggles to Keep Pace
CosmoNova@lemmy.world 2 weeks agoThe 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 2 weeks ago
SparroHawc@lemmy.zip 2 weeks ago
And there never will be. Not so long as it is possible to hide information from the consumer, and any sort of barrier to entry exists for market competition to spring up.
ParlimentOfDoom@piefed.zip 2 weeks ago
My point was it’s literally impossible.
SparroHawc@lemmy.zip 2 weeks ago
Yup.
There are very niche situations where a free market actually works - situations where there is no hidden information and no barrier to entry, where monopolies can’t arise due to the nature of the specific market. By the nature of these restrictions, nothing of any importance will ever be supplied by these markets.
daychilde@lemmy.world 2 weeks ago
Ideally, although the US is trying our best for monopolies…
Damage@feddit.it 2 weeks 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.
SaveTheTuaHawk@lemmy.ca 2 weeks ago
Because they don’t have a class of politicians and billionaires stuffing their pockets.
Damage@feddit.it 2 weeks ago
Nobody’s immune to that
SaveTheTuaHawk@lemmy.ca 2 weeks ago
When has the US ever participated in a free market?
Man…interweb really drinks that anti-China koolaid.
monkeyjoe@lemmy.world 2 weeks ago
Decades of propaganda works. Centuries of racism helps as well.
AA5B@lemmy.world 2 weeks ago
I don’t think anyone is denying Chinese aggressive intent here, just our response. Give us a response where we can get onboard, a response that is more legitimate than their approach, and wecan all be mad at China.
Or think of it this way. We all agree on all the ways China are the bad guys, but our behavior is making them look like the good guys. wtf are we doing?
bitjunkie@lemmy.world 2 weeks ago
there’s no point in treating them the same way as anyone who
doespretends to.ftfy
Ensign_Crab@lemmy.world 2 weeks 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.
CosmoNova@lemmy.world 2 weeks ago
Are you ignoring the whole subsidies thing on purpose? This is not BYD attacking Tesla. This is the Chinese government attacking western industries.
SaveTheTuaHawk@lemmy.ca 2 weeks 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?
daychilde@lemmy.world 2 weeks ago
Well, it was $79.7B to be exact. And what the US government did with that was not cut checks, but rather, purchased stock in the companies.
When it sold the stock it bought from manufacturers, it sold for around $70B. When they sold the approximately $2.4B invested into Ally (an auto financing firm), it sold for $17.2B.
So the money spent in 2008 actually made a profit. It was not distributed to the manufacturers or finance companies at all. Just used to shore up their value to prevent them from going out of business – and more importantly, probably, make sure investors didn’t lose money, or at least not too much.
Ensign_Crab@lemmy.world 2 weeks ago
This is BYD selling cars for kess than the billionaires you care about want to.
Nothing more.
BoJackHorseman@lemmy.today 2 weeks 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.
SaveTheTuaHawk@lemmy.ca 2 weeks ago
The US government has been propping up Detroit for over 20 years with over $100B in subsidies and tax relief, plus every state government grafts to get a new assembly plant.
BMW is not in South Carolina for the quality of workers.
CmdrShepard49@sh.itjust.works 2 weeks ago
American companies only make up a small portion of the US auto industry.