The CCP can artificially depress the value of their currency and subsidize their industries indefinitely. They are doing this on the backs of their workers, who should earn more for their labor. They are doing this because their own workers are too poor to provide sufficient domestic demand for their consumer goods, however, this strategy just makes their workers poorer, exacerbating the problem. Chinese exports should be used to make their economy self-sustaining, but they just perpetuate economic bubbles and malinvestment that cause economic stagnation. Neither domestic nor international commerce has never been free of interference or fair.
I don’t think whataboutism ever helps anything. American subsidies and bailouts has not resulted in better consumer choice. However, choosing options that are due to dumping isn’t going to produce sustainable industry either in China after the subsidies there end. The only real solution is to actually make practical electric vehicles at an affordable price.
I think he is stating that by subsidizing Chinese vehicles way below what could be practical to sell subsided non-Chinese vehicles at China can effectively kill off the non-Chinese automotive manufacturing capacity over enough time. Once this has been achieved China can increase prices drastically as Americans would no longer have domestic car options to buy, and creating a monopoly.
Considering we’re deficit spending with every budget cycle, I’d say no we don’t have the money. Furthermore, what about all the other brands sold in the US besides the three American ones of GM, Ford, and Tesla?
How do they compete if the US subsidizes US companies and China subsidizes Chinese companies? Have you even thought through your proposal here? It certainly doesn’t sound like it. Waving your hand around and thinking money appears out of nowhere seems to be the limit of your analysis.
I didn’t say it was. Deficit spending to build a highway that winds up generating a bunch of extra revenue is one thing. Deficit spending to make a singular product cheaper than another country who is doing the same is a losing game.
The CCP can artificially depress the value of their currency and subsidize their industries indefinitely. They are doing this on the backs of their workers, who should earn more for their labor. They are doing this because their own workers are too poor to provide sufficient domestic demand for their consumer goods, however, this strategy just makes their workers poorer, exacerbating the problem. Chinese exports should be used to make their economy self-sustaining, but they just perpetuate economic bubbles and malinvestment that cause economic stagnation. Neither domestic nor international commerce has never been free of interference or fair.
People keep saying this that are fully aware the US subsidizes its industries too. Yeah? They subsidize their electric vehicles? Fuckin good!
I don’t think whataboutism ever helps anything. American subsidies and bailouts has not resulted in better consumer choice. However, choosing options that are due to dumping isn’t going to produce sustainable industry either in China after the subsidies there end. The only real solution is to actually make practical electric vehicles at an affordable price.
Its resulted in lower prices for the industries subsidized.
I have no idea what you mean by dumping and unsustainable. Why would the subsidies end?
Do you realize youre arguing against a method to achieve more affordable prices?
I think he is stating that by subsidizing Chinese vehicles way below what could be practical to sell subsided non-Chinese vehicles at China can effectively kill off the non-Chinese automotive manufacturing capacity over enough time. Once this has been achieved China can increase prices drastically as Americans would no longer have domestic car options to buy, and creating a monopoly.
The US has way more money available to compete with those subsidies.
Considering we’re deficit spending with every budget cycle, I’d say no we don’t have the money. Furthermore, what about all the other brands sold in the US besides the three American ones of GM, Ford, and Tesla?
So is china, and at a higher rate than we are.
What about em?
How do they compete if the US subsidizes US companies and China subsidizes Chinese companies? Have you even thought through your proposal here? It certainly doesn’t sound like it. Waving your hand around and thinking money appears out of nowhere seems to be the limit of your analysis.
https://youtu.be/kFhKVCaadzE
“Deficit” spending on the governmental level isn’t the same as a family deficit spending.
I didn’t say it was. Deficit spending to build a highway that winds up generating a bunch of extra revenue is one thing. Deficit spending to make a singular product cheaper than another country who is doing the same is a losing game.