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EU to Impose Tariffs Up to 45% on Chinese Electric Vehicles
(www.bloomberg.com)
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this post was submitted on 04 Oct 2024
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This is the market place, brah. If the US or EU want to keep up, they can subsidize EV manufacturing to the same degree. We are just too stuck on subsidizing O&G to realize that harvesting value from a dying industry is going to leave us out in the cold as the new technology matures.
Free market capitalism and what we operate under haven’t been the same thing for as long as I’ve been alive. What some may call “Communist China” is beating us at the game. Get on the bus or get run the fuck over.
You can't allow dumping-inducing subsidies without also allowing defensive tariffs, otherwise the richer and more authoritarian countries, which have greater capacity for subsidies and greater ability to concentrate them in specific sectors, will easily kill foreign competition and establish monopolies.
The marketplace brah is a place where, without regulations that maintain a degree of fairness, the rich kills the poor, competition dies off, and consumers are drained to their last cent.
Just think of it: competition is when different actors fight it off and it ends the moment one of the contenders wins.
If you want the fight to go on forever, you don't want an unregulated market.
...
then talk about subsidies or non capitalist country controlling the currency, markets, VCs, etc.
What does that even mean?
I did… that was the part about extracting value from a dying industry.
Meaning that we would either have to increase tax rates or borrow more money? Wow, what a great solution.
Or not subsidize oil and gas to the tune of ~$20 billion/yr and corn at $2.2 billion/yr and redirect that towards EVs.
Yeah I find it a ridiculous parallel I recently saw an article that put a number on Chinese EV subsidies and it seemed extremely low compared to the barrels of money we've been giving the oil companies.
Last I checked US prints money like there's no tomorrow for shit like wars, but as soon as it comes to subsidizing something actually useful all of a sudden the concern trolling starts.