Unsustainable state subsidies are not capitalism. Remember it’s not just the Chinese that do this kind of stuff.
Comment on Europe is looking to fight the flood of Chinese electric vehicles. But Europeans love them
bioemerl@kbin.social 11 months agoUnsustainable Chinese state subsidy is not capitalism.
IHeartBadCode@kbin.social 11 months ago
barsoap@lemm.ee 11 months ago
Of course they are, subsidies are one of capital’s favourite methods to siphon money out of the populace. Or were you under the impression that greedy people like playing fair on fair markets?
Wogi@lemmy.world 11 months ago
It’s literally socialism but for the rich.
chaogomu@kbin.social 11 months ago
Every country does some level of industry subsidy. So it's kind of baked into capitalism now. And, technically, has been since the beginning.
Vilian@lemmy.ca 11 months ago
yes, it is, USA also do that, and others countries with fossil fuel
bioemerl@kbin.social 11 months ago
Yes, and the EU largely responds in the sectors of US subsidy. Food imports are restricted. Airbus and Boeing are constant sources of trade spats, etc.
Chinese subsidy makes American subsidy look like childs play. Their response to China should match that discrepancy.
Peaty@sh.itjust.works 11 months ago
They are talking about car subsidies which China does and not all countries do in all markets.
elouboub@kbin.social 11 months ago
US government shoving millions up the asses of the their industries: capitalism
China shoving millions into their industries: communism
Yours faithfully, the brainwashed USAian