271–280 of 668 posts
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We’re talking about China subsidizing goods that it sells in another country. This is bread and butter “free market” behavior. Literally every company in the world does this one way or another.
“subsidising” and “free market” are antonyms we learn in 3rd grade language arts class :)
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We’re talking about China subsidizing goods that it sells in another country. This is bread and butter “free market” behavior. Literally every company in the world does this one way or another.
No, that is not the free market at work at all. I agree it happens however. We simply don't live in a 100% free market world.
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The Chinese heavily subsidize their companies and have large government bureaus that strategically guide industries over long time frames. For example, the CCP has been on a long, intentional path to destroying all international solar manufacturers via subsidies, dumping, etc. This is not how free markets function.
Lol, how is this not a free market? Apple subsidizes dozens of organizations internally to advance its strategic interests, what’s the difference?
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What about them? The claim, or rather implication, was that Western powers would never allow equivalent protectionist policies, such as preventing the export of key industries and skills, to be enacted by other countries. Yet such protectionism is routine in China (and many other Asian countries), and "whole hell" did not break loose. A few more than half century old examples don't change what we can all see is the c…
Sure but can we just all drop the pretense that sovereignty and property rights mean anything. The only thing that really matters is power and how you get it. You can do protectionism if you are powerful, you can take whatever you want if you are powerful, etc etc.
For some reason, over the past few decades the powerful countries from the West employed rhetoric to suggest that their actions are guided by principles and morals. That was most likely a reaction to a huge wave of anti-colonial revolutions and national liberation struggles that tore the Western empires apart. However, USA and Israel have taken off the mask over the past 2 years, and that weasly rhetoric is now over.
[1] https://en.wikipedia.org/wiki/Siege_of_Melos#Melian_Dialogue
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“subsidising” and “free market” are antonyms we learn in 3rd grade language arts class :)
How about “loss leader”? Ever use napkins at a diner? Buy Costco chicken? I think you are repeating things you were taught but they aren’t true
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Everybody is a fan of free access and capital markets, until a foreign entity purchases something of importance. It’s a continuation of recent trends and closing markets. Nobody in their sane mind would allow a company like ASML or the likes to be purchased by competitors. But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the…
> But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose. As far as I understand, Samsung, TSMC, and SMIC are all closely guarded by their respective governments. And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all. So I don't see the irony - every…
And the west always said that China is bad for doing it.
That’s the irony part.
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The British, French and Israelis literally went to war against Egypt over the Suez. They only backed up when the US told the Brits and France they would tank their economies still on US life support. And, pray, why did the Machado win the hypocrisy prize on Friday? Why are American ships outside the waters of Venezuela?
> The British, French and Israelis literally went to war against Egypt over the Suez. > They only backed up when the US told the Brits and France they would tank their economies still on US life support. But they did back off. The US was willing to stand up for Egyptian sovereignty even against their own allies. That isn't an example of non-western countries being unable to enact protectionist policies, it's an examp…
I suppose installing el-Sisi is also an example of protecting Egyptian sovereignty:
https://www.cato.org/commentary/ten-years-after-coup-us-stil...
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The British, French and Israelis literally went to war against Egypt over the Suez. They only backed up when the US told the Brits and France they would tank their economies still on US life support. And, pray, why did the Machado win the hypocrisy prize on Friday? Why are American ships outside the waters of Venezuela?
> The British, French and Israelis literally went to war against Egypt over the Suez. > They only backed up when the US told the Brits and France they would tank their economies still on US life support. But they did back off. The US was willing to stand up for Egyptian sovereignty even against their own allies. That isn't an example of non-western countries being unable to enact protectionist policies, it's an examp…
My example is about European piracy under the pretense of that foreign ownership supersedes sovereignty.
That is to say, hypocrisy.
The US' role was, of course, hypocritical. I mention it only to illustrate that even the US found the european actions blatantly imperialist.
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How about “loss leader”? Ever use napkins at a diner? Buy Costco chicken? I think you are repeating things you were taught but they aren’t true
I guess I have heard it all, the Government is providing napkins at diners and buying up Costco chicken, missed that one in the budget
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> But the irony is that when a non-European entity were to do something like this, e.g. nationalize their oil or mining etc. industry or a firm, the whole hell would brake loose. As far as I understand, Samsung, TSMC, and SMIC are all closely guarded by their respective governments. And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all. So I don't see the irony - every…
> And China doesn't (didn't?) allow foreign companies to operate in China without a local partner at all. So I don't see the irony - everyone practices protectionism, some are just more subtle about it than others. And the west always said that China is bad for doing it. That’s the irony part.
So now Europe are doing the same thing.