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Same thing the Chinese did with solar panels back in the early 2000s. Subsidise national production so it could run at a loss, forcing others out of business an
by semi-extrinsic 7y ago
Same thing the Chinese did with solar panels back in the early 2000s. Subsidise national production so it could run at a loss, forcing others out of business and cornering the market.
In some sense it's pretty obvious that a free market capitalist system will mostly lose in competition with a state regulated system, if the latter decides it is important to have control of a sector.
- 101404 7y agoIronically, around the same time, China was admitted to the WTO.
- mrfusion 7y agoOn the other hand China is giving us free money/stuff when they sell it below cost.
- tashoecraft 7y agoYes, so on the short term that’s a benefit. But when it means the us/world doesn’t invest in a crucial piece of our infrastructure that would take many years to establish then it’s a net loss.
- AnthonyMouse 7y ago> In some sense it's pretty obvious that a free market capitalist system will mostly lose in competition with a state regulated system, if the latter decides it is important to have control of a sector through tying or dumping. This is not really specific to state control -- it's a classic antitrust problem. A monopoly in one sector leverages it into control of another sector. The problem being, what do you use for a remedy in this case? The US DoJ can't exactly break up the Chinese government.