this post was submitted on 16 Jun 2024
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[–] dual_sport_dork@lemmy.world 0 points 6 months ago (1 children)

undermining regional carmakers

I think the word they're looking for is in fact "outcompeting."

Yutaro-Katori-with-butterfly-meme: Is this capitalism?

[–] Neato@ttrpg.network 0 points 6 months ago (2 children)

Outcompeting by having a nation subsidize the cost. Until local manufacturers go out of business because they can't compete. Then China owns the entire industry she jacks to the price.

It's like no one has been paying attention.

[–] nekandro@lemmy.ml -1 points 6 months ago

Lmao there's a guy who usually posts a long response to these "subsidies" claims bullshit, but I think they got into a pissing match with a mod in the comments and got banned lmao.

Jist of it is: China's subsidies are negligible compared to the US, and what they've actually done is created a competitive domestic market with a large number of players. Unless you think Chinese people are all puppets, even if China (as a country) owns the industry it would not prevent internal competition that drives down prices. Moreover, China does not offer per-unit subsidies on export. In fact, Chinese EVs exported to Europe are something like 40% more expensive than domestically for the same model.

[–] mlg@lemmy.world -1 points 6 months ago (1 children)

Local manufacturers

You mean Ford, GM, and Chrysler who make useless pieces of garbage and also outsource production to Mexico?

Who also got bailed out by the federal government for going bankrupt back in 2009?

[–] ShepherdPie@midwest.social 0 points 6 months ago (1 children)

It isn't 1970 anymore. Those three manufacturers are barely a blip on the radar in the US.

[–] mlg@lemmy.world -1 points 6 months ago* (last edited 6 months ago)

If they were barely a blip, they wouldn't have been bailed out for ~~17.4~~ 50 billion dollars.