this post was submitted on 27 Feb 2024
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politics

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China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball (www.nytimes.com)
submitted 1 year ago by zifnab25@hexbear.net to c/politics@hexbear.net
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[–] emizeko@hexbear.net 58 points 1 year ago (2 children)

US car prices have risen massively over the last few years. Dealers just openly list $5000 markups on the sheet.

things are ripe for disruption so the empire is really going to have to ramp up the protectionism.

Perhaps the Big Three deserve destruction; after all, they hooked us on S.U.V.s in the first place and then fell behind in the E.V. race. But letting them die is not a tenable political option for the Biden administration.

but wait I thought "mArKeT fOrCeS WiLl pRoDuCe tHe bEsT oUtCoMeS"??

capitalism only works on paper

[–] RyanGosling@hexbear.net 25 points 1 year ago (1 children)

And the paper is a damp bar napkin

[–] WashedAnus@hexbear.net 15 points 1 year ago

Art Laffer's life story.

[–] TotalBrownout@hexbear.net 7 points 1 year ago

The Yard Sale model makes me think it doesn’t even work on paper.