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submitted 2 weeks ago by schizoidman@lemm.ee to c/worldnews@lemmy.ml
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[-] Pika@sh.itjust.works 5 points 2 weeks ago* (last edited 2 weeks ago)

I'm not sure why we care. It's just simple competition, if your opponent is able to sell a cheaper product, either lower your price or deal with it. It's basic capitalism.

While I'm for tariffs on import to at least make cost equal to minimum wage for workers (to equate for the pay wage differential) if the factories are being built in house, it means they are following country standards including wages, I don't see the issue.

[-] pupbiru@aussie.zone -1 points 2 weeks ago

economics is far from a simple competition… things like game theory lead to monopolies being bad for everyone, and that’s what china wants in a lot of cases. the chinese government subsidises some of its industries dramatically so they can take over a global market and then slowly backs off the subsidies when they’ve killed their competition

it’s similar to microsoft’s embrace, extend, extinguish strategy

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this post was submitted on 06 Oct 2024
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