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China literally does finance the companies. They’re required to have N% of their staff be CCP members once they reach a certain size. It doesn’t mean companies
by forgotmyoldname 5y ago
China literally does finance the companies. They’re required to have N% of their staff be CCP members once they reach a certain size.
It doesn’t mean companies are free to just lose money. It means they can take risks and not just milk immediate profits for stock gains.
- panick21_ 5y agoAre you telling me everyone of the 100s of EV startups every single one of them is explicitly backed up by government? > It means they can take risks and not just milk immediate profits for stock gains. Given how many US companies do the same and how many companies are heavily protected in Europe I fail to see this as sufficient explanation.
- forgotmyoldname 5y agoYou’re really extrapolating a lot that I didn’t even come close to saying. Sufficiently large companies are required to have a certain percent of their staff be CCP members making decisions. That also comes with money tied up in the company. That doesn’t mean every company is backed up by the government. You’re making wild straw men and getting enraged at your own argument.
- panick21_ 5y agoOk, so if every company has that then so what? Non of that proves that they automatically are save from bankruptcy. And also that doesn't explain why so many initially small companies end up being successful.