Tell your republican friends/colleagues/whatever that solar panels are a good thing because they let Jesus into our lives.
Hopefully that will accelerate the green energy revolution.
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China flooding the market with solar panels, driving costs down is a good thing.
Costs down is good.
Flooding the market with more panels than can even be installed and selling them well below what is economically viable to drive the rest of the world out of the business so they can gain a stranglehold on the industry is bad.
It’s a shockingly capitalist move tbh.
China in its current form is fairly capitalist - they are socialist in name only. This isn't shocking if you remember that.
I guess it could depend on if their government is subsidizing the cost then more governments can do that, or if they are exploiting labour's, or a mix of the two
No.
They’re literally producing more panels than the market can handle.
They are creating panels that go unsold which is driving the price down.
Price going down is a good short term thing HOWEVER they’re also destroying any competition (which generally is considered bad in basically any economic system) by doing so. The assertion is that china is deliberately driving competition out of business so they can corner the market.
Prices going down is very very good.
Prices being artificially held down so a market can be cornered is not good even if it had that initial short term positive result.
This isn’t about economies this is about having a robust supply chain which is important for everyone, if we have to rely on china then we are beholden to china. It is this last point that has China acting the way they do.
But won't someone please think of the market?