4 ms·
The CCP purposefully subsidizes its own industries to the point of economic lunacy specifically to destroy the domestic industries of other countries, and there
by kibwen 3y ago
The CCP purposefully subsidizes its own industries to the point of economic lunacy specifically to destroy the domestic industries of other countries, and thereby make them dependent on Chinese exports (yes, this is the famous venture capital model of "subsidize the service until we have a monopoly and then jack the prices to the moon", but applied to geopolitics). They have plenty of headroom (and a huge domestic market) to pivot away from an export-focused economy while still gripping the rest of the world by the balls for at least a few decades.