Turns out China's state planned economy is putting the viability of US companies into question, but I was told free markets were the most efficient, somebody please help me understand!
Turns out China's state planned economy is putting the viability of US companies into question, but I was told free markets were the most efficient, somebody please help me understand!
Artificially cheap you say? Extremely concerning to us consumers. We must be vigilant and make sure to choose the more expensive option because China bad and other reasons.
lol I loved that bit, like wtf does that even mean, Chinese are not using organically grown free markets to produce their goods 😂
Something something subsidies but please don't bring up agriculture, automotive, energy, or any of the numerous USian industries that receive money from taxpayers. We don't known what you're talking about and also those aren't subsidies.
It is artificially cheap because it wouldn't have happened without peoples transformation skills!
There's no naturally cheap. Nature wants us out!
Before: renewables are growing too slow and will never be viable, we just can’t transition away from fossil fuels.
Now: stop, china! That’s too much renewable energy how are we supposed to keep our own unsustainable markets alive.
yeah, all of a sudden all the concern about impending climate doom evaporates
Capitalism is so efficient that there’s a recession every 10 years and a worldwide catastrophe every 50. Whereas ineffective managed economies have its ebbs and flows but never actually crash. How are the wealthy vultures supposed to clean the bones of the poor during the downcycles?
WON’T ANYONE THINK OF THE VULTURES???!!!
Turns out China's state planned economy is putting the viability of US companies into question
But at what cost?
Disgusting Sinophobe. Her government is doing the same and has been for decades. She should focus on fixing her own country.
I am personally glad that China is undercutting overpriced US and Europe products. It makes boycotting the West much easier.
Artificially cheap (but still profitable) hmmm…..
The existence of artificially cheap means there is also artificially expensive.
Well...pretty much the entire pharmaceutical market in US is exactly that - artificially expensive.
weird right
Copypasta of my dunking:
At the same time, cheaper Chinese exports will intensify complaints among western manufacturers about unfair competition.
Sucks to suck 🤷 Maybe try central planning, state banking, and state-controlled means of production, thus lowering the cost of manufacturing. Maybe don’t let the Finance, Insurance, and Real Estate (FIRE) sectors strip the copper out of the walls (PDF).
“China spent 20 years destroying emerging-market competitors in the manufacturing space, or at least squeezing them out of global markets. Now it’s threatening to do the same to advanced economies’ manufacturers,” added Robertson.
Nobody put a gun to Global North capitalists’ heads and made them offshore their manufacturing and de-industrialize their own countries.
“Artificially cheap Chinese products” is *chef’s kiss*
They're just making China seem more and more based.
Do it, Xi! Please destroy the US global capitalist monopolies!
What a time to be alive. Any Leftists that don't think China is AES are going to have to do some explaining and rationalizing soon.
Any Leftists that don't think China is AES are going to have to do some explaining and rationalizing soon.
Most of all i feel really sad for them. Must be really depressing to consider yourself a communist and think that the biggest success story of modern times in lifting hundreds of millions out of poverty and turning one of the poorest, most devastated and most underdeveloped countries in the world into the world's largest and most productive economy within less than one human lifespan is actually capitalist... Imagine living that way.
Can you tell me why she is there? What’s the objective of her and why should we care about this visit? Will China become market oriented (capitalist)?
The problem that Yellen and America are having is that Chinese manufacturing is constantly moving up the value chain. What does this mean? Simply that China is gaining the ability to make more technologically advanced and sophisticated goods as years go by.
For centuries, the West has had a monopoly on high technology. China is beginning to challenge it and the West has been dealing with it in bunch of ways for a while now. For example, they could largely ignore Chinese phones because they do not directly compete against iPhones for example because of the target market since Chinese phones target a lower price segment. Chinese software like Baidu is useless for English speaking countries. With Huawei's 5G telecom hardware, they could just ban it. It is not a consumer good so most people wouldn't care about missing out on it especially if you drape it with the garb of "national security threat" which is what the west did.
But Chinese made commodities like electric cars and solar panels present a new problem. They are high tech and are goods that are both in high demand and short supply in the West. It is a market that is ripe for picking but Western companies, lacking manufacturing capacity of their own, have not been able to produce to meet this demand. Chinese EVs and solar panels are going to be infinitely cheaper than anything the West can produce because of efficiency (but the press will tell you it is only because of state subsidy). China can produce these things without the West but the West cannot produce these things without China. The West does not like this. The West does not want China to independently provide high tech goods to the West because Western companies cannot compete with that and they will be drown.
(but the press will tell you it is only because of cheap subsidy).
And that’s before we get to how state run healthcare & higher education, affordable housing, public transportation, and on & on lower the cost of labor.