alt Hacker NewsAnd, more to the point, BYD exists because the CCP has been aggressively protectionist of its domestic companies and has been strongly involved in growing, supporting, and protecting its domestic industry to ensure it has one. BYD is not a cautionary tale about protectionism, it's a sales pitch for it.
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No, it is not. From mass recalls to faking sales targets and finances, BYD is actually facing serious problems. As soon as their benefits stop they are going the way of Evergrande
Hasn’t the US been equally so, including the auto company bailouts, government fleet purchases restricted to US-made vehicles, US national moves to secure supply chain inputs for the auto makers, etc.?
The main difference that I see isn’t protectionism, it’s that BYD took a direction the market wanted, whereas US auto makers have not produced vehicles that were appealing to consumers who had choices.
Well, different kinds of protectionism.
The CCP's protectionism is because China is going for a cultural victory. It wants Chinese products to be available and inexpensive and purchased around the world. It puts resources to that end.
The US's protectionism is for the enrichment of the CEO, board members, stockholders, and Executive Branch's family members. It wants to protect the domestic market from sending money somewhere other than the relatives of the people in power.
While they're both "protectionism" they're not the same policies.