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Corporations can't compete with governments, especially large ones with sovereign currencies who can subsidize without bound. If China is going to do this we e
by api 5y ago
Corporations can't compete with governments, especially large ones with sovereign currencies who can subsidize without bound.
If China is going to do this we either have to do the same or levy corresponding import duties on the product. If we do nothing at all we lose all our industries to China.
Edit: yes the US does this too in other industries like aerospace. That just illustrates the point.