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this post was submitted on 08 Mar 2024
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Sorry, haven't almost all our European industries relied heavily on government subsidies, privatization of previously public entities, protectionism and so on? China is a socialist country, of course the government is subsidizing production. The reality is that China is outcompeting capitalist Europe (now sacrificed by the US) on capitalist terms. This move seems like an abandonment of free market laissez faire thinking in favour of mercantilism/outright iron curtain, while blaming it on the other guy.
A lot of EU products with national subsidies are usually only available at a cheaper price to occupants in that country. I know it works that way for french car brands.
Honestly, when it comes to helping their national companies get ahead in the global market, European countries aren't that different from anywhere else. It's like a global game where everyone's trying to sneak their products into the lead with a little help from home. Think of it as governments giving their players the best gear, secret strategies, and even a map of shortcuts. Whether it's subsidies, regulatory loopholes, or strategic support, the end goal is the same: make sure our team wins, even if it means bending the rules of fair play. So next time you see a European car or product leading the pack, remember, it might have had a little "help" getting there.