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jaapzyesterday at 5:10 PM10 repliesview on HN

It's not really a free market when one country is heavily subsidizing it's industries


Replies

tejtmyesterday at 9:12 PM

It is not as though other countries could not choose do the same.

It seem to me that China choosing to subsidize industry it is not so different than the US choosing to subsidize Roads, Autos and OIL.

In both cases it does seem to work splendidly as intended.

Other than political inertia (or economic reasons far beyond my ability to fathom) there is nothing to stop the US from following suit.

I accept "free market" is a term of art probably from before global trade reality and could be narrowly redefined to mean whatever one wants (or wanted when it was coined) but in my ignorance I see it simply as free to choose actions and responses.

But I am far far away from opinions I am qualified to hold, think I will shut up now.

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layla5alivetoday at 4:34 AM

When Uber does it: good. When China does it: bad.

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lostloginyesterday at 7:43 PM

So ridiculous. So a bit of subsidy is ok, but no more than the US does? As a country that’s suffered from the US subsidising its own industries, my sympathy is zero.

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nikisweetingyesterday at 5:14 PM

and the US famously never subsidizes any of its industries...

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nicbouyesterday at 10:56 PM

It's not much more of a free market when giant corporations do.

watwutyesterday at 10:39 PM

This particular complaint is tripple hypocritical. US whole deal is to sell under price until competition dies and only then bring up prices or remove offering.

It winner takes all econony is literally based on destroying the competition as such.

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g8ozyesterday at 6:50 PM

Successful Chinese industries tend to be subsidized at the level of cities and regions. This creates fierce intra national rivalry that forces rapid evolution and excellence. Electric vehicles are an example.

Anything the federal government pumps money into tends not to do as well.

tchallayesterday at 9:49 PM

Every country including the US does that.

fireflash38yesterday at 8:38 PM

Does it matter? When has capitalism cared about fair or free

FpUseryesterday at 10:20 PM

Or when one country can print endless money while threatening the rest of the world with all kinds of punishment if they stop using it as a reserve currency.

Stop crying already. US subsidizes a boatload of things.