Comment by nok22kon
6 days ago
if you think the status quo is sustainable, and that Europeans can live a luxurious life fueled by cheap Chinese workers...
> BERLIN, June 26 (Reuters) - Volkswagen is considering shutting four German factories and ramping up job cuts to as many as 100,000, two people familiar with the matter said on Friday, in what could be the biggest ever overhaul in the industry.
https://www.reuters.com/business/autos-transportation/volksw...
I very much agree, the status quo is not sustainable. But I really don't believe that the solution is trying to one-up China in whatever they are doing, or the USA, for that matter.
You are both missing the target. It's far too complex to fully elaborate on here, but suffice it to say that Europe has broken an iron triangle of choices, which not only limits the number of concurrent choices possible, but also require a minimum of choices to be sustainable.