r/SipsTea • u/Putrid-Welder1803 • 10d ago

SMH Thoughts on this?

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u/OstapBenderBey 10d ago

Not like American car companies havent receieved massive government subsidies over the years either. GM alone got 50 billion in 2008

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u/bremsspuren 10d ago

The Chinese aren't trying to save a failing industry, they're trying to drive everyone else out of it by selling below cost.

China's dominance in solar, batteries, EVs is largely a result of their subsidies making them unprofitable industries to be in for anyone else.

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u/Cortex3 10d ago

That's exactly what almost every tech company has done. Uber, for example, used investor's cash to subsidize ride costs, then once they had a captured market cranked rates. AI companies are trying to do the same.

China is just using the same tactics our businesses have been using for years. The only difference is it's public investment instead of private. And frankly, I would rather our public dollars went to investing in/subsidizing solar, EVs, and the like than whatever it's used for rn

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u/bremsspuren 10d ago

The only difference is it's public investment instead of private.

It's illegal when the government does it. Violates international trade agreements.

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u/Cory123125 10d ago

he only difference is it's public investment instead of private.

Why the fuck do people keep saying this like the american government doesnt do the same thing for american companies...

It's bizarre these weird double standards people have.

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u/Cortex3 9d ago

bremsspuren: It's illegal when the government does it. Violates international trade agreements.

Cory123125: Why the fuck do people keep saying this like the american government doesnt do the same thing for american companies...

Hmm....

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u/Cory123125 9d ago

People claim all sorts of things that don't match reality.

What is your claim here exactly? be specific

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u/Cory123125 10d ago

Alternatively, they actually fucking invested, rather than the parasitic mentality of fighting the end of fossil fuel with dying breaths.

China has more reason than the USA, because they want to ween off dependence of saudi oil, but the result is the same.

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u/eric_ts 10d ago

More importantly the Chinese auto companies innovate. BYD would still make money without government subsidies. BYD makes a profit off of their vehicles, but they also make a lot of money from licensing their patents. Where China really wins is investing in their education system and supporting industry through infrastructure. Watching videos of Chinese trade shows is very eye opening.

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u/[deleted] 10d ago

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u/thewildcloud 10d ago

Or Americans farmers who receive billions from federal government

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u/AmericusBarbaricuss 10d ago

They paid it back with interest.

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u/SvartrKukkSceand 10d ago

Thats still not even in the ballpark of 10% of what some of these Chinese companies have been given. We're talking over a trillion. Orders of magnitude different.

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u/[deleted] 10d ago

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u/AmericusBarbaricuss 10d ago

Exactly right.