So free markets are a terrible idea now and countries practicing import substitution weren't impoverishing their people.
US hypocrisy at it's finest.
So free markets are a terrible idea now and countries practicing import substitution weren't impoverishing their people.
US hypocrisy at it's finest.
Our free market's good, yours is the problem! Gotta read the fine print!
„Free market“? Speaking of hypocrisy. Chinese car brands are so heavily subsidized they probably cost the Chinese economy more than they make selling them at the moment. China is clearly trying to drown the global market with cheap cars so they can ramp up prices immensely once they have killed the competition and have become a monopoly. China hasn‘t been the extreme low income country to produce super cheaply for a long time and they couldn‘t produce cars this cheap in a free market situation.
Many countries and the EU have measures against such practices because state run operations with the sole purpose to destroy an industry (which this is) undermine the very idea of the free market or even trade relationships.
Alternatively we could start subsiding local car makers and play the same little game China is playing but more cars is honestly the last thing we need right now. Tariffs are a much smoother option to deal with this even when they have a bad rep.
Ideally we use that generated money from tariffs to subsidize public transport so we don‘t get cheaper cars but cheaper alternatives but that‘s still just a dream I‘m afraid.
Whatever the case, one should look at super cheap cars and what that means in the long run more critically.
Alternatively we could start subsiding local car makers
We have been. Bailout after bailout. For the longest fucking time, and have had insane trade rules and tarrigs in place for decades and decades. I'd argue this is what it looks like to have another country finally being able to play on a level playing field.
After the auto industry intentionally killed public transport.
The fact that one of the most powerful monopolies in the world went bankrupt and was forced to be bailed out by taxpayers more than once should really be a disqualifier for any future endeavors.
They have never considered actually competing have they?
They’ve actually done the exact opposite. The lobbying, the import laws, the absence of a foreign export market, and the manufacturing of cars that would never pass safety laws anywhere else, all resulted in the kind of dogshit that Americans have to experience now. Why improve if you’re the only player
They do. For example here. Just not in your country.
They don’t compete here either.
They’ve stopped producing passenger cars, and the Chicken Tax means they don’t have to compete on trucks.
So here is the thing.
U lost. The moment I need American people to bail you out, you need to treat American people way way the fuck better.
Worker rights, mandatory vacations, work protections, pensions, guaranteed healthcare etc.
Dam maybe some of the American automakers who took billions in subsidies should have built cheaper cars instead of the largest trucks possible to skirt regulations.
I literally can't afford an American car, i can afford a BYD tho.
I can afford neither, but if I had to save up for one it would be the BYD.
American cars are just large, stupid and inefficient. Also the parts are very expensive here in New Zealand
So they dont care about making cars for the world market, they just want regulations to allow them to milk the american market...
As is tradition
I am pretty sure there is some financial fuckery going on with BYD. My parents own two, and they are very nice, but way under priced compared to every other EV manufacturer.
Can't prove anything of course, but there is something odd going on when everyone else is 20-30k more expensive.
Hard to feel sorry for GM though, they suckled at our governments (Australia) teet for decades before giving up and leaving entirely. At least if BYD is being propped up we are at least getting good cheap cars from it.
The financial fuckery is that they're very heavily subsidized by the CCP. It's not sustainable.
I'd argue it is.
Just look how Amazon got where it is now: Sell way under market price, till local competition closed shop, then squeeze.
It's unsustainable to keep prices lower than costs. The Amazon example didn't have low prices forever.
Yes, I know. That's why BYD is going to then squeeze
the customers once they are locked in.
The same thing happened in the 80s with Japan. The Japanese were no longer making crappy cars but small and very reliable, affordable cars. Detroit was still making rust buckets, obsessing over powerful engines with bodies that rotted out and defects galore. Detroit got beaten up badly (Chrysler had to get a gov bailout) until they cleaned up their act and improved their products. Protecting Detroit from competition would've just saddled US consumers with decades more of crappy, overpriced, low quality, cars.
https://imprimis.hillsdale.edu/how-detroits-automakers-went-from-kings-of-the-road-to-roadkill/
We still don't let in the small pickups the rest of the world enjoys.
defects galore
A friend of mine from high school attended the GM Institute and became an engineer for them. One of his first projects was on a team that bought a Lexus and an Infiniti when they first came on the market and took them apart to see how many production defects they had. He said a typical American car at the time (and this was in the '90s after quality had rebounded somewhat from its disastrous nadir) had 300-400 defects. The Infiniti they took apart had 2. The Lexus had 0.
Newsflash: American car manufacturer says "Our cars are crap and overpriced"
Where free market? It will regulate itself /s
If you're one of the largest and oldest car manufacturers in the world and the most "innovative" thing you've managed to do in the last 20 years is rebrand Buick into a young family brand, then you probably need some good competition.
Don’t forget the courage to not support CarPlay/Android Auto … just stupid.
American manufacturing seems very incapable of change. If things worked this way for decades, why change it? Meanwhile the world moved on and they ask themselves why doesn't anyone wanna buy american...?
You think Americans can't change, just look at German Automakers. They are stuck in Perpetual denial. VW only moved electric because of the massive diesel scandal, otherwise they also would have been like every other car manufacturer.
BYD? Wait until you see the Xiaomi car LOL!
Tariffs be damned, I will not buy an American brand car. They've been mediocre my whole life and it's always been easier to source parts for Hondas and Toyotas. I'm not sure how repairable any EV is, but I doubt American brands will top the charts of value in repairability in my lifetime
When Americans of all political stripes finally wake up to global realty, they'll most likely do it lying on a sidewalk, naked in the rain, with their fingers in their ears saying na-na-na-na-na-na...
People will eventually have to face that the economic golden age of the 1950s and 60s wasn't a normal state we can return to if greedy billionaires just let us. The rich definitely grabbed the biggest share of the prosperity, but that brief era of prosperity wasn't normal, it was entirely abnormal, and it's been over for quite a while. We've been fooling ourselves and keeping it going for the last half century by living on credit, and that's about to end. I don't know what new era is about to start, but the American era is over.
American cars have sucked compared to Asian cars since the 1970s. I don't understand why people are acting all surprised that this is true in respect to BYD. Sure in the past products designed in China were stereotyped as poor quality knock offs of western designed goods, but in the past decade Chinese engineers have increasingly proven themselves as perfectly capable of making solid, innovative designs that improve upon those of their competitors. I think it's kind of fucked up that everyone is so suddenly upset about China's role in the world economy since everyone was completely fine using them for cheap labor over the past several decades and are just mad that Chinese companies are beating them at high skill labor and technology. Chinese companies do have an "unfair advantage" given how much they are backed by the Chinese government but American companies receive all sorts of money from the government for all sorts of things as well.
Meanwhile, instead of trying to compete they cripple all EV advancement to make a quick buck on fossil fuel.
Good, let's do it. I'm tired of our tax money keeping shitty car companies floating.
Bring Your Drink.
I don't give two cents for the american auto brands but spare me the drama: try and make a proper car.
Looking at Ford: try importing a few models from the european line and offer it in the states. Small, economic, somewhat reliable, fuel efficient cars.
Stellantis has a slew of models that could be brought into the american market. They make good cars.
And I'm willing to bet GM as a few models they build and market overseas that would be guaranteed sucesses.
I don't disagree with the criticisms of American cars -- overpriced, uninspired, unreliable, over-engineered, etc. -- but to everyone saying "we should just compete", do you realize the realities that Chinese workers experience? Have you heard of 996? It's shorthand for a common work schedule in China: 9am to 9pm, 6 days a week. Benefits that are common in the U.S., even in non-union shops, like retirement plans, PTO, worker's comp, and overtime pay are rare. So, yeah, things can be made much cheaper if you are willing to feed your workforce into the grinder.
And that’s exactly what is coming to the US, since they think workers rights and unions are the problem.
So when can we stop with this "free markets" nonsense in the third world aswell??
There hasn't ever been a free market. Its a captive market. When you can only succeed by denying a competitor into a market, you prove that. They refuse to rise to the challenge because they don't have to.
This is a most excellent place for technology news and articles.