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> China prevented sanctions from killing Huawei by subsidizing them. But often those kinds of subsidies make companies weaker and less competitive in the long r
by kerkeslager 2y ago
> China prevented sanctions from killing Huawei by subsidizing them. But often those kinds of subsidies make companies weaker and less competitive in the long run. There are plenty of examples of that in the US.
Such as?
- lovethevoid 2y agoThe Big Three US automotive companies
- kerkeslager 2y agoThere are a dozen reasons I can think of off the top of my head for why US automotive companies are not competitive that have nothing to do with subsidies.
- lelandbatey 2y agoYou should list them. Ya know, cause you asked for a list, we gave a list (of which this is one item) and now you're claiming that there's an unnamed "dozen reasons [why not.]" Don't just stand there posturing, argue your point like the rest of us or get off the stage.
- kerkeslager 2y ago> You should list them. Sure! - Private healthcare in the US driving up the cost of labor. - Landlordism driving up the cost of labor. - Inability to automate away labor due to unions. - High CEO pay. - Inability to fire poor-performing workers due to unions. - Poor engineering due to lack of US investment in education. - Short-term-ism where executives and shareholders are motivated by quarterly profits rather than long-term growth (in contrast with i.e. Toyota). - Higher cost of labor caused by needing to attract workers to places with poor urban upkeep, like Detroit or Flint. > cause you asked for a list I did not. > we gave a list (of which this is one item) Where? I don't see it.
- ok_dad 2y agoBoeing is financed in large part by US gov spending, for one. I expect most shipbuilders in the USA are similarly financed by navy contracts.
- NikkiA 2y agoThe whole set of next-gen tanker scandals prove how boeing is kept in business.
- kerkeslager 2y agoHow exactly did you establish causation here? Why do you think this is caused by subsidies, and not by execs cutting costs to fund their stock buyback program?
- lelandbatey 2y agoHarley Davidson Motorcycles and the tariffs that support them https://youtu.be/EOwxxsPaogY https://youtu.be/EOwxxsPaogY