this post was submitted on 05 Mar 2024
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You do realise that you have described just now what all startups are doing in the US. Like look at WhatsApp, Facebook, etc. they were working for years if not decades on a massive loss in an attempt to more or less monopolize the segment, backed by the deep pockets of their investors.
And I think it is only fair if you demand the same level of scrutiny to all companies involved in such practices.
American companies can't dump. This is specifically for countries to protect their own industries.
US companies can operate at a loss to gain market share, but the money losses is still in its own economy and not an outside foreign country that might not aligned with our countries values.
Plus a company can only lose money for so long that eventually the market starts correcting itself and investors pull funding. Can't be said about China which is basically unlimited money.
The repercussions is drastic. China has already done this with solar panels. We are already beholden to them for this. If we were dependant on solar panels and not fossil fuel, they would literally be controlling our energy needs.
And the US has done this with so many industries, which you are trying to monopolize or control.
And apparently you are okay when your own country is doing this but not okay when other countries are doing it.
Does this seem fair to you, because sure as hell doesn't seem to me.
It's not about fair. Anti dumping tariffs is designed to protect national security and national industries. We are not exclusive to this. China themselves does the same exact thing.
Can you then explain to me what is the difference between
And dumping as in my books both are synonyms.
And mind you we already have a couple of multi trillion companies now, if this isn't access to infinite resources what is...