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But what you describe (encouraging people to buy your stuff by making it cheaper to them) is, um, "capitalism", I'm pretty sure that "capitalism" is also still

But what you describe (encouraging people to buy your stuff by making it cheaper to them) is, um, "capitalism", I'm pretty sure that "capitalism" is also still available in most western countries (except of course ones that are banning competition by banning some vendors, or by setting up trade barriers and tariffs)

jariel 7y ago
No, absolutely not. 'Dumping' isn't 'making stuff cheaper', it's illegal in most countries. [1] Second, it's not 'capitalism' when the government intervenes with massive subsidies, or worse, leverages the financial system and central bank to support an initiative. You basically can't have any reasonable kind of trade with countries that engage in these practices. This issue is fundamentally why trade deals take so long: nations go to lengths to make sure the other side doesn't 'cheat'. One area of constant contention is agricultural subsidies. Because food production is seen as a 'strategic issue', countries feel the need to subsidize, but those subsidies aren't the same in each nation, causing serious competitive issues. China plays the game to their advantage, fair enough - but the West should not simply allow China to have arbitrary leverage. It'd be better in the long run if everyone played fair, but so long as they want to play with shenanigans, those shenanigans should be returned in kind [1] https://en.wikipedia.org/wiki/Dumping_(pricing_policy) https://en.wikipedia.org/wiki/Dumping_(pricing_policy)