The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with Beijing which has already vowed to protect its companies.
I’m so confused here. I was under the impression that the entire argument for capitalist markets was that they produce cheaper and better goods than is possible to do with central state planning. Yet, here we have the capitalist west complaining that Chinese state driven model if producing goods that western companies are simply not able to compete with. Somebody help me understand.
Capitalists hate capitalism. Competition is so irritating, because someone might undercut you. (And other people would cheat to win, just like you would, so you can’t ever relax.)
@yogthos@geneva_convenience These tariff rates are calculated on a per manufacturer basis based on the subsidiaries that these manufacturers receive from their country. So it just restores the competition.
I’m so confused here. I was under the impression that the entire argument for capitalist markets was that they produce cheaper and better goods than is possible to do with central state planning. Yet, here we have the capitalist west complaining that Chinese state driven model if producing goods that western companies are simply not able to compete with. Somebody help me understand.
Capitalists hate capitalism. Competition is so irritating, because someone might undercut you. (And other people would cheat to win, just like you would, so you can’t ever relax.)
@yogthos @geneva_convenience These tariff rates are calculated on a per manufacturer basis based on the subsidiaries that these manufacturers receive from their country. So it just restores the competition.