Respectfully, protectionism isn’t that much better. In terms of economic velocity (efficient use of money/value/resources), it would be better if we used the money in other industries.
“The Chinese are competitive.” Yup, they are beating the global
”They own the materials.” Yup, good planning on their part
”Massive country & workforce.” And a bunch of Chinese manufacturing has reduced humans and/or are dark with no humans.
“Allowing them to sell superior products is bad.” Sure, for the stakeholders. Not for Americans. I’m already being screwed by capitalists all over the place. Let’s expedite capitalism’s demise, please.
I’m not sure how you can call for the demise of capitalism while defending the worst parts of it here. This “economic velocity” is only good for the capitalists and what China is doing can only be described as capitalism.
The automotive industry employs millions of workers in the US at both domestic and foreign companies, and decimating that industry only to concentrate and centralize it somewhere else in the world is going to put those people out of work as well as creating a domino effect on the economy where all those dollars disappear from circulation. Capitalists will survive that but those workers won’t, nor will the places where those workers spend their money currently.
What you’re arguing for is essentially an entity like Walmart (China) moving into town and killing all its competitors by making it impossible to compete with them. We can see exactly how that scenario plays out in thousands of cities and towns across the US. Those “low prices” come at a steep cost for everyone involved except the capitalists running the business.
I have no issue with China selling cars here, but I do take issue with them rigging the game in their favor at our expense, which is why I support protection for the entire industry not just for US companies alone.
They own the materials.” Yup, good planning on their part
To expand on this: while yes they have great natural resources here, the more important part is they developed those resources. This is just another consequence of poor planning from everyone else: it’s too expensive, let’s let China do it. There’s another ten years behind due to our own short sightedness
Respectfully, protectionism isn’t that much better. In terms of economic velocity (efficient use of money/value/resources), it would be better if we used the money in other industries.
“Allowing them to sell superior products is bad.” Sure, for the stakeholders. Not for Americans. I’m already being screwed by capitalists all over the place. Let’s expedite capitalism’s demise, please.
I’m not sure how you can call for the demise of capitalism while defending the worst parts of it here. This “economic velocity” is only good for the capitalists and what China is doing can only be described as capitalism.
The automotive industry employs millions of workers in the US at both domestic and foreign companies, and decimating that industry only to concentrate and centralize it somewhere else in the world is going to put those people out of work as well as creating a domino effect on the economy where all those dollars disappear from circulation. Capitalists will survive that but those workers won’t, nor will the places where those workers spend their money currently.
What you’re arguing for is essentially an entity like Walmart (China) moving into town and killing all its competitors by making it impossible to compete with them. We can see exactly how that scenario plays out in thousands of cities and towns across the US. Those “low prices” come at a steep cost for everyone involved except the capitalists running the business.
I have no issue with China selling cars here, but I do take issue with them rigging the game in their favor at our expense, which is why I support protection for the entire industry not just for US companies alone.
To expand on this: while yes they have great natural resources here, the more important part is they developed those resources. This is just another consequence of poor planning from everyone else: it’s too expensive, let’s let China do it. There’s another ten years behind due to our own short sightedness
I think they mean lax labor safety. It’s much cheaper to make things if you don’t worry about your workers getting killed or injured at higher rates.
You don’t seem to be accounting for the strategic value of the car industry, which is what the person above was talking about.