Comment by thesmtsolver2

1 day ago

Outside of EVs and more broadly China rates near the bottom for market freedom

https://gfmag.com/data/economic-freedom-by-country/

If the broader market is rigged, investors don’t rush in for just one segment.

7 comments

thesmtsolver2

Reply
culi  1 day ago

It's not so much that the broader market is rigged. It's that every major industrial hub funds its own player: BYD (Shenzhen), NIO (Hefei), GAC Aion (Guangzhou), SAIC (Shanghai), etc. It might seem "rigged" to a westerner because it's so subsidized but China has a LOT of industrial hubs and therefore a lot of competition.

The US also heavily subsidizes EVs but the subsidies mostly only go to one company. Just take a look at the mind-boggling amount of subsidies we've given to Tesla both federally and on a state-by-state basis. Nevada's almost 2$ billion being the most blatant https://subsidytracker.goodjobsfirst.org/parent/tesla-inc

bparsons  1 day ago

Interesting definition of freedom. The top three countries happen to be the places most permissive to international tax dodgers.

  • Sayrus  1 day ago

    > produced by the Heritage Foundation

    > Twelve are the factors related to four key aspects of the economic environment that are graded from 0 to 100 and averaged to determine a country’s score: rule of law (and related sub-categories: property rights, government integrity, judicial effectiveness); government size (government spending, tax burden, fiscal health); regulatory efficiency (business, labor and monetary freedom); open markets (trade, investment and financial freedom).

    Quite the definition they made up.

    • atvrager  20 hours ago

      > produced by the Heritage Foundation

      why bother to read past that? save yourself some time.

  • eru  19 hours ago

    What do you mean by tax dodgers?

    The US allows much more tax dodging than Singapore, for example. Try not paying your taxes or violating any other law in Singapore any time, if you want to find out.