Comment by terminalshort
11 hours ago
You absolutely can fight market forces. China did it for decades with their car industry. Chinese people were financially forced to buy inferior Chinese cars to support a domestic industry until it learned to compete in the global market. Very difficult to do this in a democracy, though.
Isn't that the exact description of the current U.S. car market?
In a way, yes, but there are some differences. The US market was never as heavily restricted as the Chinese market, with foreign competitors allowed to open up factories in the US to avoid tariffs. You can do that now in China, but until pretty recently you had to split ownership with a Chinese company to enter that market. Also US car brands have always had a significant export market (vs China only in the last few years), so our tariffs have always been more about jobs than industry development (though that makes no difference to the economic effect of the tariffs on consumers). Which is why foreign competitors were always free to avoid them so long as they employed Americans at the factory.
I am going to find this irony hilarious for eternity.
Cars are cheaper and better outside America, the so called car capital of the world.
Go to one of these SoCal car conventions, it’s amazing how all the car reviewers go wide eyed at the Chinese cars in display.
It's like how capitalists describing problems of socialism are just describing capitalism.