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re: Why is the west melting over Chinese "overproduction"?
Posted on 5/7/24 at 11:48 am to Bunk Moreland
Posted on 5/7/24 at 11:48 am to Bunk Moreland
Chinese overproduction is hurting their economy. They have 1,000s of EVs rotting in vacant fields. They have 100s of large buildings that will never be occupied.
Posted on 5/7/24 at 11:51 am to Indefatigable
quote:
Indefatigable
quote:
Is state-run companies flooding the market with cheap unregulated shite the free market?
Who are you and what have you done with Indefatigable?
Posted on 5/7/24 at 12:02 pm to Zach
quote:
Chinese overproduction is hurting their economy.
Their plan was always unsustainable. Their empty buildings are worth more unfinished than finished.
Their wealth building scheme was awful, which you would suspect from central planners.
Posted on 5/7/24 at 12:13 pm to RogerTheShrubber
quote:
Their wealth building scheme was awful, which you would suspect from central planners.
And the USSR should have shown them that central planning doesn't work.
The Soviets beat the US in Sputnik and with the first manned space flight. At the same time their grocery stores and consumer products were 20 years behind the U.S. Investment is determined best by the free market.
Posted on 5/7/24 at 12:20 pm to Indefatigable
quote:
Is state-run companies flooding the market with cheap unregulated shite the free market?
Depends. Is the state run company using slave or forced labor to produce those goods? If they are, I’d say it’s not a free market and akin to stealing something from someone and reselling it to someone else. If the labor used to produce those goods is voluntary, it’s a free market.
Posted on 5/7/24 at 12:21 pm to Zach
quote:
And the USSR should have shown them that central planning doesn't work.
Progressives are addicted to it.
Which is why tariffs suck. Theyre an integral part of central planning and govt intrusion.
Posted on 5/7/24 at 12:30 pm to RogerTheShrubber
quote:
Which is why tariffs suck. Theyre an integral part of central planning and govt intrusion.
You are way too binary on this.
Laughably so.
Posted on 5/7/24 at 12:37 pm to BuckyCheese
quote:
You are way too binary on this.
Tariffs are simply crony capitalism, and hurt entrepreneurs, not woke corporations.
Traditionally they are union protection, which leads back to the worst economic decision makers in our universe. Leftists unions.
Good on you for taxing the consumer to support woke corporations though. The union baws will love you.
Posted on 5/7/24 at 12:40 pm to Nosevens
quote:
State run market is not same as a free market.
For the consumer, it can be.
The Chinese have been fricking themselves for decades, for your benefit. And it angers you.
Posted on 5/7/24 at 1:07 pm to thebigmuffaletta
quote:
Depends. Is the state run company using slave or forced labor to produce those goods? If they are, I’d say it’s not a free market
A free market is unilateral.
If these dumbass union baws were smart, they'd buy cheap chinese components, add value, mark up and get rich.
Most of the stuff that says "made in the USA" is loaded with Chinese components. Businessmen are smarter than Union flunkees.
Posted on 5/7/24 at 1:29 pm to RogerTheShrubber
Tariffs are SOMETIMES necessary unfortunately not every nation plays by the same rules. In theory it sounds great to say that the market would ultimately correct any issues created by being flooded by cheap products but market corrections can take decades. Our issues with China didn’t begin with cheap steel and they predate idiotic trade deals negotiated by both parties over the last couple of decades. We no longer have the manufacturing infrastructure to compete with China or even India for certain goods like steel that we used to produce in great quantities. In theory we shouldn’t need tariffs and we wouldn’t had it not been for poor policies instituted by the US government but the US has to or US steel will be nonexistent.
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