Comment by gchamonlive
1 day ago
Reads to me like it's free market doing its job, if you think of countries as companies. US just needs to step up its game.
1 day ago
Reads to me like it's free market doing its job, if you think of countries as companies. US just needs to step up its game.
It's not really a free market when one country is heavily subsidizing it's industries
It is not as though other countries could not choose do the same.
It seem to me that China choosing to subsidize industry it is not so different than the US choosing to subsidize Roads, Autos and OIL.
In both cases it does seem to work splendidly as intended.
Other than political inertia (or economic reasons far beyond my ability to fathom) there is nothing to stop the US from following suit.
I accept "free market" is a term of art probably from before global trade reality and could be narrowly redefined to mean whatever one wants (or wanted when it was coined) but in my ignorance I see it simply as free to choose actions and responses.
But I am far far away from opinions I am qualified to hold, think I will shut up now.
> roads
I think even the Chicago school would agree that roads should be public
> autos
I absolutely detest US policy with respect to autos so I will not refute this
> oil
Matter of strategic importance that isn’t related to spying or subterfuge. The Nazis probably would have won WWII if they hadn’t run out of diesel. I’m not sure digital cameras come close to this.
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I think the overwhelming and undeniable success and prosperity of China is the biggest concern to the west, the neoliberals consistently predicted their immediate downfall that never came. Except we are all still led by the same neoliberals proven wrong about everything, the contradictions everywhere are driving us all into collective insanity. If we don't manage to purge our media and governments from these vile people the only path forward is collective decline, increased totalitarianism and our repression leading to a war with China. Wars don't always end in the right side winning, and the cold war was won by the wrong side.
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So ridiculous. So a bit of subsidy is ok, but no more than the US does? As a country that’s suffered from the US subsidising its own industries, my sympathy is zero.
What country and what industries? I am curious. Do you think that you own country does not do the same to others?
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and the US famously never subsidizes any of its industries...
> Between 2005 and 2024, Chinese firms received on average three to eight times more subsidies than competitors in OECD economies.
https://www.oecd.org/en/blogs/2026/06/industrial-subsidies-h...
22 replies →
Which industries are the US leading in because of subsidies?
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When Uber does it: good. When China does it: bad.
When we do it: it fine. When they do it: it's bad!
This particular complaint is tripple hypocritical. US whole deal is to sell under price until competition dies and only then bring up prices or remove offering.
It winner takes all econony is literally based on destroying the competition as such.
Ignoring foreign patents also played a big part in US industrialization.
It's not much more of a free market when giant corporations do.
Successful Chinese industries tend to be subsidized at the level of cities and regions. This creates fierce intra national rivalry that forces rapid evolution and excellence. Electric vehicles are an example.
Anything the federal government pumps money into tends not to do as well.
Every country including the US does that.
Does it matter? When has capitalism cared about fair or free
Or when one country can print endless money while threatening the rest of the world with all kinds of punishment if they stop using it as a reserve currency.
Stop crying already. US subsidizes a boatload of things.