To an extent absolutely. The problem on both fronts however is that China’s government heavily subsidizing both. Makes it impossible good or bad for others to compete. Being overprotective of anti-competitive capitalists is definitely the wrong move however.
Massive subsidies to destroy competition is also anti competitive. I have no love of the US auto industry and their many failings but maybe a tarrif tied to the amount the good was subsidized might help prevent that practise.
I haven’t really thought it through though so I’m sure there are many nuances I haven’t considered.
Yes that was the greater point I was getting at. China isn’t some big fuzzy good guy. I’m no fan of the major American Auto manufacturers. But there is good reason that they’re doing this. Even if I think they would do better trying to become more competitive. There’s only so much they can do without similar subsidy from local governments.
To an extent absolutely. The problem on both fronts however is that China’s government heavily subsidizing both. Makes it impossible good or bad for others to compete. Being overprotective of anti-competitive capitalists is definitely the wrong move however.
Massive subsidies to destroy competition is also anti competitive. I have no love of the US auto industry and their many failings but maybe a tarrif tied to the amount the good was subsidized might help prevent that practise.
I haven’t really thought it through though so I’m sure there are many nuances I haven’t considered.
Yes that was the greater point I was getting at. China isn’t some big fuzzy good guy. I’m no fan of the major American Auto manufacturers. But there is good reason that they’re doing this. Even if I think they would do better trying to become more competitive. There’s only so much they can do without similar subsidy from local governments.
The first one that comes to mind is China absolutely does not tell anyone else the level of subsidization.
Which is why the EU is also starting to clamp down on this (finally).