2 ms·
This only works when you are playing a fair game. When China plays clear favorites with its companies, the US is forced to compete in tis unfair market. This
by screye 6y ago
This only works when you are playing a fair game.
When China plays clear favorites with its companies, the US is forced to compete in tis unfair market.
This is especially relevant for industries that require such an extreme amount of capital to be bootstrapped, that it is essentially impossible for a competitor arise in the market fair and square.
- valuearb 6y agoWhen China picks winners, it benefits the US because those subsidies lower our costs of goods.