You can see it plainly on the Solar PV market. The likes of Trina, JA, Jinko, etc. all compete aggressively, leading to everyone running at a loss in order to corner the market, and then after a few years the government steps in and orders all of them to raise prices. Happened again at the beginning of this year, raising cost of PV Modules 30-40% for oversees consumers.

Contrast that to US being happy with everyone eating each other alive until all but one company is left standing and can now dictate the prices and enshittify the product to pay back their VC loans.