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Is this the end of the once-mighty GoPro?

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Re: Is this the end of the once-mighty GoPro?

#431
post #174

Earlier quoted context omitted.

Absolutely true. But China’s industrial dominance is also the government immiserating its people, just in a different way. Domestic consumption in China is famously low, work culture is famously bad (996,etc). And this is because of what their government, not the people of China, have chosen to do.

> But China’s industrial dominance is also the government immiserating its people Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? > Domestic consumption in China is famously low Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

Yes, their system has lifted hundreds of millions out of poverty, but government policy is now making Chinese consumers poorer than they otherwise would be in order to support domestic industry. It seem’s to be for geo-strategic reasons rather than in the interests of the Chinese people, it’s also probably unsustainable.

Re: Is this the end of the once-mighty GoPro?

#432
post #211

Earlier quoted context omitted.

I can't read this seriously while being unable to buy any Chinese EVs here in the US.

You can't buy Chinese EVs in the US because China is overtly running a dumping campaign for them. It's an interesting story, read up on it!

I read up on it, and it's not clear to me that it's actual dumping.

As in "selling below the cost of production".

I would say that China is trying to steer the car makers away from competing locally, as it's going to result in a price war. But that's not quite dumping per se.

Re: Is this the end of the once-mighty GoPro?

#433

Earlier quoted context omitted.

China isn't bad, the CCP is.

That simplistic characterization is still essentially "China-bad." The CCP is the same government responsible for lifting historically unprecedented numbers of people out of abject poverty. Does it make up for other human rights violations? No. But "CCP bad" flattens a complex and powerful political organization into a fairy tale boogeyman.

> lifting historically unprecedented numbers of people out of abject poverty.

Basically true, but not much more than that for most Chinese. The urban modern success story presented to the world is a surprisingly small segment of a notably larger population and even for many in that smaller more fortunate segment the gravy days are long ago and no sign of returning yet.

https://eastasiaforum.org/2011/08/19/in-the-city-but-not-of-...

Re: Is this the end of the once-mighty GoPro?

#434
post #433

Earlier quoted context omitted.

That simplistic characterization is still essentially "China-bad." The CCP is the same government responsible for lifting historically unprecedented numbers of people out of abject poverty. Does it make up for other human rights violations? No. But "CCP bad" flattens a complex and powerful political organization into a fairy tale boogeyman.

> lifting historically unprecedented numbers of people out of abject poverty. Basically true, but not much more than that for most Chinese. The urban modern success story presented to the world is a surprisingly small segment of a notably larger population and even for many in that smaller more fortunate segment the gravy days are long ago and no sign of returning yet. https://eastasiaforum.org/2011/08/19/in-the-city…

And chinese don't have full freedom of movement. China uses a system called called hukou which binds a persons rights and benefits to their birthplace. This has created a population of 350 million rural migrants who live in cities but still have a rural hukou and are treated like second class citizens in their own country.

https://borgenproject.org/chinas-hukou-system-restricts-mobi...

Re: Is this the end of the once-mighty GoPro?

#435
post #427
post #309

Earlier quoted context omitted.

It is not as though other countries could not choose do the same. It seem to me that China choosing to subsidize industry it is not so different than the US choosing to subsidize Roads, Autos and OIL. In both cases it does seem to work splendidly as intended. Other than political inertia (or economic reasons far beyond my ability to fathom) there is nothing to stop the US from following suit. I accept "free market" i…

> roads I think even the Chicago school would agree that roads should be public > autos I absolutely detest US policy with respect to autos so I will not refute this > oil Matter of strategic importance that isn’t related to spying or subterfuge. The Nazis probably would have won WWII if they hadn’t run out of diesel. I’m not sure digital cameras come close to this.

But you could imagine a country that invested, in addition to roads, cars, and oil, in public transportation, cities that you can get around on foot, and in renewable energy. Such a country might be better off that the US is now.

Re: Is this the end of the once-mighty GoPro?

#436

Earlier quoted context omitted.

> But China’s industrial dominance is also the government immiserating its people Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? > Domestic consumption in China is famously low Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

Yes, their system has lifted hundreds of millions out of poverty, but government policy is now making Chinese consumers poorer than they otherwise would be in order to support domestic industry. It seem’s to be for geo-strategic reasons rather than in the interests of the Chinese people, it’s also probably unsustainable.

WOW the classic yes...but..., where's these statement coming from? I'm Chinese and I don't get the point here at all, you guys seem living in vacuum with biased news, and know much much better than we people living here, that's really confusing everytime I see/read comments lie this.

China now is open freely for almost everyone, come and see by yourslef, if you not living poverty.

The world itslef does not work the propaganda way whether you dislike or hate the gov for whatever reason. And yes you can criticize the gov as you like with the news you read otr the party you pro with, but never assume how the people feel and belives if you are not the people, and if you do then that's the same mindset as Trump or any other war-bringing president the US had, and you know what they did and still doing.

Re: Is this the end of the once-mighty GoPro?

#437

Earlier quoted context omitted.

GoPro is a US company designed in U.S. with manufacturing in Thailand, China, and Mexico. Insta360 is a Chinese company designed in Shenzhen and built there, too. People think this doesn’t matter, but GoPros are used all over in aerospace. If we replaced the brand with Insta360, that puts a big attack vector all over the place. A similar pattern happened with drones with DJI, intentionally killing all non-Chinese dro…

If your country’s industrial and defense policy relies on individual consumers making choices that are worse for them on almost all metrics, it’s time to think about on worse payroll your politicians are.

It's easy to get all high and mighty but there really doesn't have to be complex subterfuge behind "replacing the majority of our technical infrastructure with devices solely created within the borders of our primary military, industrial, and economic rival is not a good idea for security and sovereignty."

We cast aside local manufacturing for cheaper prices in another country and are going to pay the price one way or another.

Re: Is this the end of the once-mighty GoPro?

#438
post #160

Earlier quoted context omitted.

Reads to me like it's free market doing its job, if you think of countries as companies. US just needs to step up its game.

It's not really a free market when one country is heavily subsidizing it's industries

When Uber does it: good. When China does it: bad.

Re: Is this the end of the once-mighty GoPro?

#439

Earlier quoted context omitted.

> But China’s industrial dominance is also the government immiserating its people Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? > Domestic consumption in China is famously low Compared to what, the US? Compared to China is at a historical high, isn't it? And they're doing quite well even compared to like 70% of the world and rising.

> Didn't they bring hundreds of millions out of poverty, and built amazing cities and facilities in the past 30 years? Yes, but China-bad ideology demands that we ask ”at what cost?”

I wonder if similar costs were paid when the West was industrializing?

Spoiler: Yes.

Re: Is this the end of the once-mighty GoPro?

#440
I've only owned 2 GoPros, the latest one I purchased back in 2020. I use it mostly for motorsports related content and it did it's job well, but never had a need to replace or upgrade to the latest. Now there's so many options.
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