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One reason people don’t trust China’s aid is that the shortage is caused by China. They bought up the worlds supply of PPE (over 2 billion masks) and nationali
by str33t_punk 6y ago
One reason people don’t trust China’s aid is that the shortage is caused by China.
They bought up the worlds supply of PPE (over 2 billion masks) and nationalized factories owned by foreign companies (such as 3m) so their masks produced stay internal.
It’s almost as if I cornered the food market and then when people were starving I start selling them food but disguising it as a loving donation. People can see through that
- pinkfoot 6y agoNonsense. Here [1] is a fine article of an all-American company in Texas that is too nervous to get back into the business of making masks since they lost a ton of money and had to lay off over 100 staff when demand vanished after the last SARS panic. They still have the equipment and know-how. They just don't trust the market. Not a single Chinese government official involved in this sad saga. [1] https://www.washingtonpost.com/business/2020/02/15/coronavirus-mask-shortage-texas-manufacturing/ https://www.washingtonpost.com/business/2020/02/15/coronavir...
- viklove 6y agoJust like with oil, any industry can be gamed if a single player accumulates a massive stockpile of a commodity, then floods the market to drive prices down and make production unprofitable for competitors.