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Elsewhere on HN: https://www.reuters.com/article/us-davos-meeting-solar-gcl-idUSKCN1PI2OQ https://www.reuters.com/article/us-davos-meeting-solar-gcl-i... Chine
by microdrum 8y ago
Elsewhere on HN: https://www.reuters.com/article/us-davos-meeting-solar-gcl-idUSKCN1PI2OQ https://www.reuters.com/article/us-davos-meeting-solar-gcl-i...
Chinese ripped off U.S.-based solar, went crazy, drove margins to 0%, overproduced, dumped in U.S., reduced U.S. profit incentive in solar development, and are now going to restrict supply to try to get prices up.
Meantime, we've had less serious R&D investment in solar than we would have had otherwise.
So, no, globalization doesn't always work especially when one of the other majors is a state-directed Communist country.
- jotm 8y agoHeh, Amazon
- microdrum 8y agoWhat do you mean?
- soared 8y agoSounds like 90% a political issue and 10% causes by globalization. Slightly adjust a tariff and the above situation is impossible but globalization can still occur. I’d be curious to find if there are international dumping laws or something similar. I’m on mobile, but I know the us has them.