The whole premise behind private enterprise is that it was supposed to be more efficient than state planning. If we’re saying now that state planning works better, then maybe the west should think about abandoning the dogma of letting private businesses run wild. It’s also worth noting that the US also gives massive subsidies to their car companies. Tesla wouldn’t exist without decades of government grants for example.
Some good information on Chinese state subsidies here. I also agree that European car makers have shot themselves in the foot by refusing to innovate and attempting to squeeze their customers.
It is not surprising that the EU and USA have moved to protect their car industries. China bet big on EVs, recognising their strategic oil weakness. The EU seemed oblivious to their own strategic weakness here while they pandered to the interests of big oil.
China deserves to win this one as they have played a great game while the rest of the world messed up.
So I “did my own research” as you suggested. BYD received more than all US car makers combined from the government. I’m not going to bother looking at European brands since I’m sure they are a lot less
That’s what happens when you have state sponsored car makers. I’m not saying that others don’t, but this is not an even playing field for all.
The whole premise behind private enterprise is that it was supposed to be more efficient than state planning. If we’re saying now that state planning works better, then maybe the west should think about abandoning the dogma of letting private businesses run wild. It’s also worth noting that the US also gives massive subsidies to their car companies. Tesla wouldn’t exist without decades of government grants for example.
Pull up the details of how much money did specific brands receive from the state before saying that.
After the fucking heating seats subscriptions they deserve to fall.
https://www.intereconomics.eu/contents/year/2024/number/4/article/eu-concerns-about-chinese-subsidies-what-the-evidence-suggests.html
Some good information on Chinese state subsidies here. I also agree that European car makers have shot themselves in the foot by refusing to innovate and attempting to squeeze their customers.
It is not surprising that the EU and USA have moved to protect their car industries. China bet big on EVs, recognising their strategic oil weakness. The EU seemed oblivious to their own strategic weakness here while they pandered to the interests of big oil.
China deserves to win this one as they have played a great game while the rest of the world messed up.
So I “did my own research” as you suggested. BYD received more than all US car makers combined from the government. I’m not going to bother looking at European brands since I’m sure they are a lot less