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this post was submitted on 20 Feb 2024
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Capitalists suddenly stop loving the free market when it hurts their profits
The argument is that it is NOT a free market, because the Chinese cars are government subsidized. A Government subsidized company is not part of a free market.
so like tesla?
Yes. Absolutely, which makes it weird that Stellantis feel they need to warn Tesla, when they are very much beneficiaries in both USA and China.
And all the other US manufacturers.
But go figure wen china do the same is bad .
Yes it is bad when those subsidies reduce the price of the car (or any other product) to half of what the competition is charging. This puts the competition out of business and gives consumers less options. Once the competition is gone, the price shoots up past what it would be initially because we have no other option. They've done this countless times in many industries.
They just use the same weapon as the conçurency so . Tbf money need be spend in city made for human not cars but it's a other story .