this post was submitted on 14 May 2024
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United States | News & Politics
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That's not how you ensure America leads the world in them. That's how you ensure corps feel safe not doing shit to innovate anymore. This is just another form of a bailout.
Didn't they do the same for Japanese goods back in the day? Not sure it helped the American automotive industry.
Doesn't China subsidize what they export on top of having cheap labor? In that case a free market argument cannot really be made. The innovation in the US or elsewhere would have to be extreme shifts to compete.
Idea of free market is that it's better than a manage market. If there's room for innovation, the free market will find it. Central planning leads to being risk adverse and exploiting inefficiencies to soak up government money. So if free market is your religion, you shouldn't be bothered that China tries to plan their production instead. Cheap labour also doesn't hold since the USA has historically been happy to have their companies contract labour from cheaper countries. So if you're losing due to Chinese salaries, just hire Chinese people.
Also, China doesn't subsidise any of these exports. Then they'd lose money, and they're exporting to earn money. They subsidise R&D and domestic sales of things that'll make domestic companies more productive and competitive.
Yes- it's the United States