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If a country hands out enormous subsidies but yet isn't leading in anything, then maybe it's time to consider what structural reasons are causing these subsidie
by greyb 4mo ago
If a country hands out enormous subsidies but yet isn't leading in anything, then maybe it's time to consider what structural reasons are causing these subsidies to be squandered and whose bottom lines are being padded.
- sarchertech 4mo agoWhat US industries get anywhere near Chinese level subsidies.
- baby 4mo agoI heard that when some country wants to pay in a different currency than USD for oil, a coup suddenly happens, or a helicopter comes and the president gets kidnapped
- sarchertech 4mo agoThe US dollar being the global reserve currency makes exports more expensive though.
- inigyou 4mo agoIt basically means most of the world's currency wealth is held in the USA or backed by the USA. So the answer would be the finance sector - it's subsidized by the rest of the world.
- sarchertech 4mo agoThat’s a stretch for the topic at hand. You can say hey the US does this probably morally equivalent thing, but when people are talking about subsidizing domestic companies so they can outcompete foreign companies in foreign markets, this isn’t what they’re talking about.
- inigyou 4mo agoAgriculture?
- sarchertech 4mo agoChina spends close to 10x what the US does on agriculture subsidies.