Blatantly anti-competitive practices. We don’t have a free market in the US. Shit is expensive so the wealthy can continue to profit at record levels while citizens pay the price. Why try to compete when you can protect the wealthy and make your country suffer?
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.
That’s true and all but this decision is solely about oil barons and their fat fucking profits.
Its no coincidence that they are going after electric cars and solar panels. Chinese workers have had it rough for 30 years but green tech is where we draw the line and not literally everything else, who believes this?
Its not to protect the economy, it’s not to protect the Chinese workers.
China did the same thing with solar panels a decade ago. It’s the reason why my wife’s employer shut down and hundreds of people lost their job. Having endless money to subsidize your product and sell it well below cost doesn’t lead to more competition or better options. It puts everyone out of business and creates a monopoly for the country doing the subsidies who then has no reason to keep the price low.
China doesn’t have the worker protections that the US has, the same level of gov’t support, nor the environmental rules that the US has. It’s only anti-competitive if there is a level playing field.
Blatantly anti-competitive practices. We don’t have a free market in the US. Shit is expensive so the wealthy can continue to profit at record levels while citizens pay the price. Why try to compete when you can protect the wealthy and make your country suffer?
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.
That’s true and all but this decision is solely about oil barons and their fat fucking profits.
Its no coincidence that they are going after electric cars and solar panels. Chinese workers have had it rough for 30 years but green tech is where we draw the line and not literally everything else, who believes this?
Its not to protect the economy, it’s not to protect the Chinese workers.
This is only about oil profits.
China did the same thing with solar panels a decade ago. It’s the reason why my wife’s employer shut down and hundreds of people lost their job. Having endless money to subsidize your product and sell it well below cost doesn’t lead to more competition or better options. It puts everyone out of business and creates a monopoly for the country doing the subsidies who then has no reason to keep the price low.
China doesn’t have the worker protections that the US has, the same level of gov’t support, nor the environmental rules that the US has. It’s only anti-competitive if there is a level playing field.