2 ms·

No, let's all celebrate market competition, the most critical part of a functioning economy. Chinese companies aren't competitive due to CCP or authoritarian re

by izacus 4y ago

No, let's all celebrate market competition, the most critical part of a functioning economy. Chinese companies aren't competitive due to CCP or authoritarian regime, but they're competitive because they're the underdogs on western markets and can't just curbstomp the competition with lawyers and DRM like US corporations can in their markets. So they're forced to compete on price, quality and features (to some extent - it's not like they're not getting daddy Xis helping hand). Just like companies in other healthy capitalist markets which haven't completely broke due to consolidation.

mschuster91 4y ago
> Chinese companies aren't competitive due to CCP or authoritarian regime, but they're competitive because they're the underdogs on western markets China has been accused multiple times of assisting their companies with absurd amounts of government subsidies (leading to at least Europe and the US enacting counter tariffs), as well as using government and private industrial espionage and hacking campaigns to clone Western products.
- izacus 4y ago
  Absolutely, and that's toxic to the market the same way as US corporate consolidation is.
- bigbillheck 4y ago
  What major power doesn't do this?
  - mullingitover 4y ago
    Taking off my US citizen hat for a moment, this is a valid critique. Free trade, unencumbered by government subsidies, is mostly an illusion. The global system of government is anarchy, and the powerful nations hold the weaker nations to strict rules while they quietly seize any and all advantages.
wesapien 4y ago
PRC "progress" was a form of control. CCP basically handed everyone "rings of power" to rule over them. All their wealth is meant to be kept inside because that's control of the nation. Imagine if they didn't have currency controls, every rich person there would dump the Yuan for other currencies and overseas real estate. Meanwhile, all the inflated properties in the PRC will drop significantly. Unrest or instability is not good for CCP.
- izacus 4y ago
  Which is all besides the point - the point is: you need market competition for capitalism to work. As soon as competition is broken, your economy starts stagnating and other incumbents start eating away at it.

by izacus 4y ago

mschuster91 4y ago

> Chinese companies aren't competitive due to CCP or authoritarian regime, but they're competitive because they're the underdogs on western markets China has been accused multiple times of assisting their companies with absurd amounts of government subsidies (leading to at least Europe and the US enacting counter tariffs), as well as using government and private industrial espionage and hacking campaigns to clone Western products.

izacus 4y ago
Absolutely, and that's toxic to the market the same way as US corporate consolidation is.
bigbillheck 4y ago
What major power doesn't do this?
- mullingitover 4y ago
  Taking off my US citizen hat for a moment, this is a valid critique. Free trade, unencumbered by government subsidies, is mostly an illusion. The global system of government is anarchy, and the powerful nations hold the weaker nations to strict rules while they quietly seize any and all advantages.

wesapien 4y ago

PRC "progress" was a form of control. CCP basically handed everyone "rings of power" to rule over them. All their wealth is meant to be kept inside because that's control of the nation. Imagine if they didn't have currency controls, every rich person there would dump the Yuan for other currencies and overseas real estate. Meanwhile, all the inflated properties in the PRC will drop significantly. Unrest or instability is not good for CCP.

izacus 4y ago
Which is all besides the point - the point is: you need market competition for capitalism to work. As soon as competition is broken, your economy starts stagnating and other incumbents start eating away at it.