• profdc9@lemmy.world
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    1 year ago

    The CCP can artificially depress the value of their currency and subsidize their industries indefinitely. They are doing this on the backs of their workers, who should earn more for their labor. They are doing this because their own workers are too poor to provide sufficient domestic demand for their consumer goods, however, this strategy just makes their workers poorer, exacerbating the problem. Chinese exports should be used to make their economy self-sustaining, but they just perpetuate economic bubbles and malinvestment that cause economic stagnation. Neither domestic nor international commerce has never been free of interference or fair.

    • Grimy@lemmy.world
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      1 year ago

      That’s true and all but this decision is solely about oil barons and their fat fucking profits.

      Its no coincidence that they are going after electric cars and solar panels. Chinese workers have had it rough for 30 years but green tech is where we draw the line and not literally everything else, who believes this?

      Its not to protect the economy, it’s not to protect the Chinese workers.

      This is only about oil profits.

    • blazera@lemmy.world
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      1 year ago

      and subsidize their industries indefinitely

      People keep saying this that are fully aware the US subsidizes its industries too. Yeah? They subsidize their electric vehicles? Fuckin good!

      • profdc9@lemmy.world
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        1 year ago

        I don’t think whataboutism ever helps anything. American subsidies and bailouts has not resulted in better consumer choice. However, choosing options that are due to dumping isn’t going to produce sustainable industry either in China after the subsidies there end. The only real solution is to actually make practical electric vehicles at an affordable price.

        • blazera@lemmy.world
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          1 year ago

          Its resulted in lower prices for the industries subsidized.

          I have no idea what you mean by dumping and unsustainable. Why would the subsidies end?

          The only real solution is to actually make practical electric vehicles at an affordable price.

          Do you realize youre arguing against a method to achieve more affordable prices?

          • FireTower@lemmy.world
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            1 year ago

            I think he is stating that by subsidizing Chinese vehicles way below what could be practical to sell subsided non-Chinese vehicles at China can effectively kill off the non-Chinese automotive manufacturing capacity over enough time. Once this has been achieved China can increase prices drastically as Americans would no longer have domestic car options to buy, and creating a monopoly.

              • FireTower@lemmy.world
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                1 year ago

                Yes but the alternative is not having to spend tons of money to subsidize private industry and not letting China profit off of American auto sales.

                • blazera@lemmy.world
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                  1 year ago

                  Its a worse alternative for the environment, we should both be investing in electric vehicles. Bullshit mindset when we could be having more affordable green technology and all people are thinking of is the economy. Fuck American auto sales, we dont need more gas guzzling SUVs in the world.

            • Maggoty@lemmy.world
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              1 year ago

              The military and government contacts alone will keep the big 3 in business. They’re in no danger of a mom and pop Walmart situation.