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re: Is Reaganomics and free trade officially dead?
Posted on 5/20/24 at 9:24 am to SlowFlowPro
Posted on 5/20/24 at 9:24 am to SlowFlowPro
quote:
It's kind of funny you gloss over why they operated at losses. They weren't content to just be a book retailer, or a general retailer...hell, they didn't even become profitable until AWS hit. Amazon kept investing their revenue in new products, which involved a lot of losses for products that didn't pan out (anyone remember the Amazon phone?).
Yea ok it is not a perfect metaphor. The point is that the Chinese government is willing to shave points off their GDP to dominate these industries.
quote:
Next gen or last gen?
IDK what you mean here, but EV, solar, and wind are definitely a big part of the world's energy future (like it or not, O&G simps). China leads in 2 of 3 because they are just throwing money at production with no regard for profits at this point.
This post was edited on 5/20/24 at 9:26 am
1
Posted on 5/20/24 at 9:56 am to TxTiger82
quote:
The point is that the Chinese government is willing to shave points off their GDP to dominate these industries.
The Chinese have fricked themselves by doing this. They're heavily reliant on population-based, low-margin manufacturing and they're about to have a severely-reduced population. They never made any real inroads into advancing their economy because so much of it was devoted to the shitty stuff.
Their economy is currently in the shitter before the population bomb is even set off.
quote:
but EV, solar, and wind are definitely a big part of the world's energy future (like it or not, O&G simps).
Yes, but there is older tech and innovative tech. China doesn't really develop much new tech, b/c of their economic investment (see above). They can steal/copy old tech. That's why I was asking if it's next gen or last gen?
They just tried EV cars and it's been a big fail.
quote:
China leads in 2 of 3 because they are just throwing money at production with no regard for profits at this point.
And they're going to end up back in the same boat.
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