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You make some good points. I agree. There are differences in subsidies. For example. It may be ok to subsidize food production so that a country can ensure cont
by digitaltrees 9y ago
You make some good points. I agree. There are differences in subsidies. For example. It may be ok to subsidize food production so that a country can ensure continued ability to maintain production capacity domestically, even where it’s not economically viable. But that is very different from a country strategically subsidizing an industry with the objective of marking the products so low priced that they drive all the domestic producers out of business and then, when they are left standing, jacking up the prices. That’s called dumping. There is a reason we have the WTO and a dispute resolution process, it’s be cause some things are ok and some are not.
- fwdpropaganda 9y ago> It may be ok to subsidize food production so that a country can ensure continued ability to maintain production capacity domestically Isn't that how the Chinese justify what they do?