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this post was submitted on 18 Oct 2023
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Unsustainable Chinese state subsidy is not capitalism.
Unsustainable state subsidies are not capitalism. Remember it’s not just the Chinese that do this kind of stuff.
Of course they are, subsidies are one of capital's favourite methods to siphon money out of the populace. Or were you under the impression that greedy people like playing fair on fair markets?
It's literally socialism but for the rich.
Every country does some level of industry subsidy. So it's kind of baked into capitalism now. And, technically, has been since the beginning.
yes, it is, USA also do that, and others countries with fossil fuel
Yes, and the EU largely responds in the sectors of US subsidy. Food imports are restricted. Airbus and Boeing are constant sources of trade spats, etc.
Chinese subsidy makes American subsidy look like childs play. Their response to China should match that discrepancy.
They are talking about car subsidies which China does and not all countries do in all markets.