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If the Chinese want to dilute the wealth of their people and use it to subsidize stuff for Western consumers, the smart thing to do would be to buy it! Anti-tr
by churchill 1y ago
If the Chinese want to dilute the wealth of their people and use it to subsidize stuff for Western consumers, the smart thing to do would be to buy it!
Anti-trade activists always agitate about how they'll jerk up prices after capturing markets, but Uber hasn't managed to pull it off, despite >$50 billion burned. The moment a company's margins hike significantly, they attract competitors chasing those same dollars and they have to lower prices or lose market share.
- dilyevsky 1y agoPretty obvious counter is it's not smart if in the process you've totally destroyed your domestic production
- jncfhnb 1y agoUber prices have been increasing for years now at a rate much faster than inflation
- ghaff 1y agoSo they had subsidized prices. Now a lot of people just go back to taking cabs or public transportation--or rent cars/drive.