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So basically American cars are 2x overpriced rn
more like chinese cars were manufactured with child labor with well below average work conditions
And lots and lots of government subsidies.
Yea, it's the subsidies. The government of China funds questionably profitable companies such that they can sell their products at what would be a loss by any other company, undermining the values of competition in Europe/States.
What does China get out of it? Chinese products distributed globally running Chinese software and sensors which are beholden to the whims of the Chinese Government. They also get to weaken the economies of the target countries.
The United States does similar things with intelligence, but citizens of that country can at least condemn, research, and publish findings against it's own government. What can a Chinese citizen do? Very little except obey.
The United States is also massively flawed when it comes to competition but at least there are theoretical methods for the citizens of that country to change things. If they can destroy the corporate plutocracy currently strangling democracy.
Communist country figures out how to exploit capitalism better than capitalist country, how poetic.
China isn't a communist country, it's a totalitarian country.
Characterized by a government in which the political authority exercises absolute and centralized control. Totalitarianism is a political system and a form of government that prohibits opposition political parties, disregards and outlaws the political claims of individual and group opposition to the state, and controls the public sphere and the private sphere of society.
https://en.wikipedia.org/wiki/Totalitarianism
Communism is defined as:
political and economic doctrine that aims to replace private property and a profit-based economy with public ownership and communal control of at least the major means of production (e.g., mines, mills, and factories) and the natural resources of a society.
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You might want to look at some of the loosening child labor laws here in the US. Hyundai's plants have been caught several times using child labor.
I'm not defending China's practices by any means because many are truly horrific but the US is pretty far from perfect in many states.
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Source ?
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Yes, and it's poor Americans who need a vehicle to buy groceries and get to work everyday who are getting shafted while the automakers rake in the profits. Not to mention the environmental costs of driving on fossil fuels.
Maybe we should get our politicians to invest in, say, mass transit. Seems pretty obvious
Why would they do that when they get bribes from automakers.
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I’m not working in the conditions the Chinese have decided is ok. They can be poor and live in barracks at factories, I like free time and money.
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Big 3 copium as usual.
Eventually they'll do what Japense OEMs did and open factories in the USA.
I mean, that's precisely the ideal case and goal of many tariffs.
Only I think they're already opening factories in Mexico. Which again isn't a terrible situation either.
Mexico
How about American companies just learn to compete? The same bullshit is why we can't get a fucking normal sized truck in this country.
How about American workers learn to work for the same wages and working conditions.
If you want companies to pay a living wage with strong unions and safe working conditions, then competition with other places that don't bother with those things becomes near impossible.
See: The factories that iPhone is built in
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They aren't sweeping Chinese cars under the road here as much as they are sweeping an actually affordable, practical EV option that could easily win the mass market and shift the status quo away from ICE engine vehicles at scale.
Bigger problem is, that while blocking the Chinese options, they won't give us a similar option at that same affordable cost.
Read as: The only way they can compete with Chinese vehicles is 100% tariff
Well yeah. The companies are state subsidized and a good bit of the tech is stolen from electric car companies in other countries that actually have to pay for R&D.
that is the same myth that big pharma explains why Americans pay so much more for medicine.
https://newrepublic.com/article/153864/innovation-drug-price-myth
US automakers have expressed that they are fine economically making expensive cars for rich people. of course that is after 80 years of lobbying to under cut public transit and trains.
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i wouldnt hate this so much if america produced quality automobiles. but we dont. so watch people pay double for something that will last twice as long.
even at equal pricing, they just push out better quality than we can seem to muster
Cough Boeing Cough
Considering how many Boeing aircraft are out there operating every day and how very little we hear about issues I am not sure this is an effective example.
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Not as if Chinese EV were any good though...
I've been reading reviews from EU and Australia. The initial quality has improved a lot.
Long term/long distance reliability is what will probably be the biggest issue.
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Great news after Tesla cancelled it's plans for an entry model. Green for me not for thee.
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Blatantly anti-competitive practices. We don't have a free market in the US. Shit is expensive so the wealthy can continue to profit at record levels while citizens pay the price. Why try to compete when you can protect the wealthy and make your country suffer?
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.
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!
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China doesn't have the worker protections that the US has, the same level of gov't support, nor the environmental rules that the US has. It's only anti-competitive if there is a level playing field.
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Because China would be wise to subsidize their auto industry to sell at a loss just long enough to kill the American & European auto industry forcing us to buy Chinese vehicles.
this is the japanese scare all over again
Free market for thee, but not for mee.
I don't actually mind the US protecting their economy from a predatory one that is more powerful - but I'd like USians to remember this when their politicians argue for war against 3rd world countries that want to protect their economies from the US.
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this post was submitted on 10 May 2024
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