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Chinese steel? It's an interesting definition of "efficient" that is used to describe a whole sector that is kept alive and overproducing only by virtue of burn
by Kalium 9y ago
Chinese steel? It's an interesting definition of "efficient" that is used to describe a whole sector that is kept alive and overproducing only by virtue of burning through massive subsidies.
- dv_dt 9y agoSo here's a question. If there were a cheaper way for China the nation to acquire the steel it needed during it's expansion phase why did China decide to subsidize? Is there an total system cost that they're maximizing beyond the accounting for just the balance sheet of the steel companies?
- ucaetano 9y agoYes, it's called dumping.
- dv_dt 9y agoAre VC funded ventures like Uber dumping into the Taxi industry?
- hueving 9y agoNo, Uber says it's profitable in the US. Also, the two products aren't really interchangeable because the main reason I use Uber/Lyft is that they fix the scamming nature of cabs (lying about broken credit card reader, inefficient routes, etc).