this post was submitted on 18 Oct 2023
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[–] qooqie@lemmy.world 20 points 1 year ago (6 children)

I’m not entirely sure why they want to fight low prices? The article doesn’t say why EU and others shouldn’t be able to afford e-vehicles

[–] lorez@lemm.ee 44 points 1 year ago (1 children)

They undercut the sales of European vehicles which cost more.

[–] jackoneill@lemmy.world 39 points 1 year ago (3 children)

Oh no, capitalism hurts itself in its confusion

[–] Wogi@lemmy.world 29 points 1 year ago (1 children)

"Capitalism breeds innovation and drivers prices down!"

Capitalism: no not like that

[–] bioemerl@kbin.social 10 points 1 year ago (5 children)

Unsustainable Chinese state subsidy is not capitalism.

[–] IHeartBadCode@kbin.social 17 points 1 year ago (1 children)

Unsustainable state subsidies are not capitalism. Remember it’s not just the Chinese that do this kind of stuff.

[–] barsoap@lemm.ee 9 points 1 year ago (1 children)

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 1 points 1 year ago

It's literally socialism but for the rich.

[–] elouboub@kbin.social 16 points 1 year 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

[–] chaogomu@kbin.social 7 points 1 year 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 4 points 1 year ago (2 children)

yes, it is, USA also do that, and others countries with fossil fuel

[–] bioemerl@kbin.social 4 points 1 year 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 3 points 1 year ago

They are talking about car subsidies which China does and not all countries do in all markets.

[–] Pringles@lemm.ee 16 points 1 year ago

It's not that simple. Caricatures are easy, but the fact remains that the Chinese auto makers are heavily subsidized and it's that government support that allows them (partially at least) to undercut the European auto makers.

That being said, the European auto makers really deserve to be hurt for their arrogance. And that's coming from someone whose income is directly related to how well they do.

[–] yiliu@informis.land 6 points 1 year ago

If the EU bans Chinese cars, that's not capitalism in action.

[–] bioemerl@kbin.social 15 points 1 year ago

low prices

They're fighting Chinese market manipulation that is specifically designed to make the world dependent on them and lowers wages across the world by creating massive market imbalances. Every nation with two brain cells should ban the import of all Chinese vehicles and eventually all Chinese industry entirely.

[–] paintbucketholder@lemmy.world 12 points 1 year ago

Chinese electric car makers get absolutely massive state subsidies. There are companies like Nio that have never made a single dollar of profit. Nio has been losing money on every single car they sell, to the point where they've been losing almost a billion dollars in the last quarter alone.

However, China doesn't care. The state keeps financing these companies, because if they can undermine European and American auto makers to the point where they're simply unable to compete and maybe even completely collapse, then Chinese car makers will be the only ones left in the market, and they'll be able to charge any price they want.

And realistically, which American or European car maker will be able to compete with a multitude of Chinese competitors that all can afford to lose billions and billions every year without batting an eye?

So that's why they want to fight "low prices."

[–] DogMuffins@discuss.tchncs.de 4 points 1 year ago

What article? That's an ad.

[–] zout@kbin.social 2 points 1 year ago

As long as safety and environmental regulations in China are lower than in Europe, it will always be cheaper to produce there.