schizoidman@lemmy.ml to News@lemmy.worldEnglish · 5 months agoProspect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersapnews.comexternal-linkmessage-square133fedilinkarrow-up1219arrow-down117 cross-posted to: economics@lemmy.world
arrow-up1202arrow-down1external-linkProspect of low-priced Chinese EVs reaching US from Mexico poses threat to automakersapnews.comschizoidman@lemmy.ml to News@lemmy.worldEnglish · 5 months agomessage-square133fedilink cross-posted to: economics@lemmy.world
minus-squaresunzu@kbin.runlinkfedilinkarrow-up2arrow-down1·5 months agoMy thesis is that China’s biz took state aid and made into something… We provide state aid to our industry and they just sole that money, now that China is caught up, they are crying for more state aid. Another example Intel, blows 50 billion on stoke buybacks, tax payer gives them 35 billion for fabs in US, Germany gives them 10 for one in Germany. Clown capitalism right there.
My thesis is that China’s biz took state aid and made into something…
We provide state aid to our industry and they just sole that money, now that China is caught up, they are crying for more state aid.
Another example Intel, blows 50 billion on stoke buybacks, tax payer gives them 35 billion for fabs in US, Germany gives them 10 for one in Germany.
Clown capitalism right there.