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I find it amusing that Chinese subsidies are painted as something terrible for the rest of the world and not China. You can a get high-tech cars for cheap, at C
by pornel 2y ago
I find it amusing that Chinese subsidies are painted as something terrible for the rest of the world and not China. You can a get high-tech cars for cheap, at China's expense! Chinese taxpayers are paying to upgrade your car!
(yeah, it's really about protecting local manufacturing that has fallen behind and can't compete, despite having its own domestic subsidies)
- johnea 2y agoI agree. I've said this repeatedly: Why shouldn't US consumers benefit from Chinese govt subsidies? Your post is the first time I've seen anyone else note this...
- yen223 2y agoIt has been noted that if your competitor is paying out of pocket to flood the market with cheap goods, the optimal strategy is to buy up as much of the cheap goods as you can.
- aurareturn 2y agoExactly. Why shouldn't people take advantage of a tech startup's ridiculous prices backed by VC money? Why shouldn't people buy cheap EVs backed by Chinese tax payers?
- rUsHeYaFuBu 2y agoMaybe. Outsourcing semiconductors was considered good for the consumer too. Not so much for national security.