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thesmtsolver2yesterday at 9:45 PM3 repliesview on HN

Outside of EVs and more broadly China rates near the bottom for market freedom

https://gfmag.com/data/economic-freedom-by-country/

If the broader market is rigged, investors don’t rush in for just one segment.


Replies

culiyesterday at 11:07 PM

It's not so much that the broader market is rigged. It's that every major industrial hub funds its own player: BYD (Shenzhen), NIO (Hefei), GAC Aion (Guangzhou), SAIC (Shanghai), etc. It might seem "rigged" to a westerner because it's so subsidized but China has a LOT of industrial hubs and therefore a lot of competition.

The US also heavily subsidizes EVs but the subsidies mostly only go to one company. Just take a look at the mind-boggling amount of subsidies we've given to Tesla both federally and on a state-by-state basis. Nevada's almost 2$ billion being the most blatant https://subsidytracker.goodjobsfirst.org/parent/tesla-inc

bparsonsyesterday at 9:49 PM

Interesting definition of freedom. The top three countries happen to be the places most permissive to international tax dodgers.

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