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Except... that's just the first part. Where's the second part where they "do whatever they want" (I assume this meant raise prices)? Even after winning, they
by rmah 5y ago
Except... that's just the first part. Where's the second part where they "do whatever they want" (I assume this meant raise prices)? Even after winning, they haven't done this. Why?
- dmwallin 5y agoThe goals of a nation-state are not the same as those of a corporation. Having a monopoly on a strategically important industry is valuable in and of itself, especially when viewed from a geopolitical perspective. Just look at what's currently going on in semiconductors.
- redis_mlc 5y agoIn mfg., every time you double production, average cost goes down 20%. So if you're playing the long game, you corner the market on production, then raise prices later. BRI is a variation on that: use excess steel and cement in other countries, and give them loans to pay for it.