undermining regional carmakers
I think the word they're looking for is in fact "outcompeting."
Yutaro-Katori-with-butterfly-meme: Is this capitalism?
this post was submitted on 16 Jun 2024
217 points (94.7% liked)
World News
38255 readers
2753 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News [email protected]
Politics [email protected]
World Politics [email protected]
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 1 year ago
MODERATORS
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.
It's weird that this has to be explained to Americans - this is how much of Big Tech got to where they are, except they call it "disruption".
BTW this shows perfectly that free markets are not a be-all-end-all thing. It's a tool, and if it produces outcomes that you don't like, you can adjust it for better outcomes. The hypocrisy here is not that they pretend to worship the market then cry foul when China enters it on their terms, but that they do adjust it for their benefit all the time, and only pretend to worship it when people ask for their fair share.
While we've seen this cycle play out quite a few times in Big Tech, I think a lot of people just aren't aware of what it is. I've had friends decry how, "Uber is now basically as expensive as a taxi." I point out how Uber is only recently profitable and see people's minds get blown.
load more comments
(1 replies)
load more comments
(1 replies)
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?
GM, who just announced a $6 billion stock buy back once they knew tariffs would keep them safe from having to compete with Chinese EVs, that GM?
This sort of stuff is realistically why I have no sympathy for the major US automotive manufacturers. The only reason I don't just say "Screw them, let Chinese EVs drive them out of business," is because it would put so many people out of work in their plants who have no role in these decisions. Barring some fantasy where the Chinese companies establish US plants and offer equivalent or better union contracts for current employees at GM, Ford and Chrysler, these companies should simply be bound hand and foot in terms and conditions whenever something is done by the government to help them. Like, make those protectionist tariffs conditional on them hitting investment targets in relevant technologies, raising worker pay and benefits, reducing cost to the customer and a ban on stock buybacks for the duration of the tariffs being valid.
load more comments
(3 replies)
I mean the US is also doing that. It's not a subsidies issue; it's the fact that Chinese companies are using subsidies to actually make things while US companies are just pocketing them.
I get a craving for corn whenever someone says subsidies.
Is the US? What us car company is doing it to such a degree name countries are blocking their goods?
load more comments
(2 replies)
Ah, I see. So it's cool when we do it (fossil fuel and ag subsidies, the auto industry bailout in 2008, etc.) but not when they do it.
Got it.
You're introducing an argument as a way to undermine the viewpoint that's opposite to yours.
No one said it's fine "when we do it". That's not the point being discussed.
The other bigger issue here is that these new cars are coming from a region that has a horrendous track record for safety and quality. EVs when done right are still a considerable risk with battery fires, but the ones manufactured in China are much worse for quality and safety. In the next few years, as these cars flood markets around the world, it will be a massive issue.
They seem safe enough to pass the EU’s safety standards, which are much higher than the US. Also this blanket “quality issues” argument without specific evidence is terrible. If we’re going off of quality in recent history, American manufacturing is down the toilet in terms of quality - just look at Boeing.
People wrongly assume all Chinese manufacturing is aliexpress fodder.
load more comments
(2 replies)
Lmao this is coming from the same safety organization that approved the Tesla Cybertruck?
I'll take my chances with a car that's seen EU approval.
load more comments
(3 replies)
load more comments
(1 replies)
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.
The ol' Wal-Marteroo
load more comments
(4 replies)
Translation: US automakers are worried about Chinese imports servicing a sector they have abandoned.
load more comments
(1 replies)
then start investing in tech, jobs, and education so the us can compete with inexpensive cars....
*editors note; i'm not a tankie, i just know that china has invested in technology while the us has been bogged down in partisanship (look at solar)
We would also need the government to pay for half of the cost to build the cars. That's what China is doing and why the cars are so cheap.
Sounds good to me. When are we starting?
load more comments
(2 replies)
load more comments
(11 replies)
is it hard to.. ya know... hypothetically obtain one of these cheaper, mexican imported evs? askin for a huh friend
load more comments
(38 replies)
view more: next ›