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U.S. to Announce New Tariffs on Chinese Electric Vehicle - Considering rates of 100%
(www.nytimes.com)
this post was submitted on 10 May 2024
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And lots and lots of government subsidies.
Yea, it's the subsidies. The government of China funds questionably profitable companies such that they can sell their products at what would be a loss by any other company, undermining the values of competition in Europe/States.
What does China get out of it? Chinese products distributed globally running Chinese software and sensors which are beholden to the whims of the Chinese Government. They also get to weaken the economies of the target countries.
The United States does similar things with intelligence, but citizens of that country can at least condemn, research, and publish findings against it's own government. What can a Chinese citizen do? Very little except obey.
The United States is also massively flawed when it comes to competition but at least there are theoretical methods for the citizens of that country to change things. If they can destroy the corporate plutocracy currently strangling democracy.
Communist country figures out how to exploit capitalism better than capitalist country, how poetic.
China isn't a communist country, it's a totalitarian country.
https://en.wikipedia.org/wiki/Totalitarianism
Communism is defined as:
https://en.wikipedia.org/wiki/Communism
It calls itself communist just like a big chunk of the world calls itself capitalist but doesn't let the market regulate itself
North Korea calls itself the Democratic People's Republic of Korea. Do you also refer to North Korea as a Democratic country?
If I was making a similar comment using North Korea and in relation to democracy I would 100% exploit the fact that it calls itself a democracy.
Being an open country has upsides and downsides certainly. The same could be said for Russia/China's information war exploiting freedom of speech on those not educated in critical thought.
As if the US doesn't also subsidize and funnel money into specific companies/industries for questionable reasons.
Did you read their whole comment? They addressed that and pointed it out several times themselves.
All they said is that you are allowed to call it out. Whoopdeedoo. Still happens.
Every car manufacturer receives massive subsidies no matter where they are located.
This is oil money, nothing more, nothing less.