cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
cross-posted from: https://lemmy.ml/post/15089465
Americans Are Open To Cheap Chinese Cars. That’s ‘Scary’ For The Rest Of The Auto Industry
It’s difficult to compete with Chinese companies that operate at a loss and are subsidized by the Chinese government.
Fucking lol. Good thing we don’t subsidize ANYTHING AT ALL and never export anything either. Boy. You’d have to be EVIL to want your country to have AFFORDABLE CARS. What’s next, AFFORDABLE HOUSING?
Why can’t we subsidize American carmakers more?
We do. They just send the windfall to exec salary and shareholders rather than to tax paying customers.
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Subsidies are an incredible tool when used well, like when they funded a bunch of utility cooperatives that electrified rural US. Maybe you’re asking why we should because propping up the car industry when public transit and bike infrastructure should be subsidized instead, rather than challenging subsidies, though.
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@workerONE @Aurenkin
Not only China does it
https://www.theguardian.com/business/2015/jul/02/lidl-1bn-public-development-funding-supermarket-world-bank-eastern-europe