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> the US may start subsidizing and dumping its goods everywhere Isn't that exactly what companies like Uber have already been doing? Take VC money, sell goods
by crote 4mo ago
> the US may start subsidizing and dumping its goods everywhere
Isn't that exactly what companies like Uber have already been doing? Take VC money, sell goods & services at a huge loss, wait until the competition goes bankrupt.
- rednb 4mo agoExactly, it's funny how most Americans have no self-awareness on this topic. And beyond VCs, which are like massive subsidies funded by printed dollars to which no other country has access, even in industries like electric vehicles, Chinese total direct subsidies to their EV companies are like $5bn per year, while the the ones provided by the US to their auto manufacturers are in the range of $50bn per year. I don't think the US are cheaters or are doing something bad. But i do think that this propaganda about China flooding the market through "overcapacity" and subsidies is very dishonest and needs to stop.
- chaostheory 4mo agoThe CCP's recent yearly subsidies for China's EV industry ranges from $30 billion - $46 billion per year compared to $10 billion - $20 billion per year for the US. A conservative estimate of total subsidies lands China at about $230 billion while the US was at $70 billion.
- rednb 4mo ago[flagged]
- deaux 4mo agoYes. Dumping abroad is the entire model that Silicon Valley has been built on in the last 2 decades. China just copied the model. And even then it's a light version of it.