Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers
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It brings up a valid point. Assembly line manufacturing will soon require massive automation lines to remain profitable, and without massive government assistance in not just money, but education and training, these kinds of automation factories will likely never be fully realized here.
They don't need any government assistance, they just need to take the millions they pay out to stakeholders, and invest them into automation. The money is there, just being handed out to a few people. Why should the government pay for something that sits on tons of cash but won't use it?
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American car companies are focusing on their highest profit center, massive trucks. Milking that market for the short term.
….. regardless of their long term survival. It seems extremely short sighted.
American companies exist to maximize shareholder value. Remember that. There is no company, doing anything, for the better of the world or humanity. At least not as the primary motivation.
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They've got to keep their profit margins, or the CEO's and shareholders might need to take a paycut.
Oh no! Anyway...
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requires foreign investors to partner with Chinese nationals in order to own and operate capital
this also means that chinese companies are notorious for stealing IP. it’s easy to be cheap when you don’t do the R&D - you just fast track to producing the product
chinese companies are notorious for stealing IP
American companies sell the ip to China in exchange for access to capital and labor, then claim they've been robbed when the Chinese firms innovate and expand on the patents they've acquired.
The end result is a car company that produces better vehicles than anything an American or Japanese or German company can manage.
Curiously, these superior vehicles are "stolen" while the Teslas keep exploding under home grown technology.
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Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
fair game IMHO. if you look at china as one big agent, then they can indeed act like that.
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Bailouts are unacceptable period. Trained workers, factories, factory hardware, logistics specialists, engineers, patents and so on - they all remain in the economy. That a company fails and goes bankrupt is not a bad thing. It's just that company. Not the industry as a whole. If there are no additional mechanisms.
Somehow Americans seem to have forgotten that the kind of "capitalism" which gets defended is about this exactly - a company goes bankrupt, too bad. There are other companies which will hire its workers and buy its assets. Possibly new companies created by its former employees. Its shareholders have gambled and lost, well, their problem. That's what an unregulated market is, by the way, and not bailouts to big fish and horse dicks for small fish.
If something works differently - workers don't find a new place to work in, factories go to scrap metal, engineers go flip burgers, patents are collected by trolls, and new companies are not being created, - then something has been broken by an existing policy.
Patents are the worst of it, but also non-compete clauses, legal impediments for creating new businesses, legal expenses making it harder, - these things have to be removed.
I mean, people on Lemmy love to dream of something like what you list, those things are good, but maybe fixing some basic things about what you already have is no less useful. Especially since these fixes do not cost any money to maintain, while, well, pensions and healthcare do.
why bail out the companies and not the people?
(/s, i was joking, of course in US companies value more than human life)
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Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
The US subsidizes farms and petroleum.
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Oh no! The type of capitalism where we have to compete!
Make it go away, Daddy Trump!
Sadly, I think it was Biden that put a 100% tariff on Chinese EVs. Fuck Trump, but come on, Biden, don't do this shit for them. I really like that new Xiaomi YU7.
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Not sure why you get off on trolling that china does not have its own labor issues
Jack Ma defends the 'blessing' of a 12-hour working day
Alibaba's billionaire founder sparked intense debate after pressing for a 9am to 9pm working day and a six-day week.
(www.bbc.com)
cute troll
LOL 'Labor issues' are everywhere, such as child labor in the US. Never said Chinadidn't ve issues.
However your article itself from 2019 and the sinophobic BBC about this one guy who WANTS this system. People say a lot, that doesn't make it reality. That system is illegal in China. So you proved you're a liar.And why do you mods remove my comment when this troll here is calling me a troll while demonstrably lying?
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Not sure why you get off on trolling that china does not have its own labor issues
Jack Ma defends the 'blessing' of a 12-hour working day
Alibaba's billionaire founder sparked intense debate after pressing for a 9am to 9pm working day and a six-day week.
(www.bbc.com)
cute troll
haha mods here are biased
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Also, slave labor.
LOL US cope
Are the slaves in the room with us now?
The only country with massive slave labor is the US with its prison system.
Or their good friends the headchopper gulf states -
What do you think Walmart does when they enter a new market, the eat losses till the local competition folds and they are the only option left
Well don’t forget that Walmart itself is literally government subsidized when the people employed there still need food stamps or other welfare programs.
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haha mods here are biased
....we removed both parties comments because you both were going
you: no your a troll
them: no your a troll
you: no your a troll
them: no your a troll
Not because we took sides.
Calling eachother trolls is not being excellent to eachother (rule 3), if you want to talk about disagreements do it like adults.
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LOL US cope
Are the slaves in the room with us now?
The only country with massive slave labor is the US with its prison system.
Or their good friends the headchopper gulf statesThere is plenty of modern slave labor and exploitation going around. No major manufacutring nation is innocent.
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Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
Did you forget all the bailouts US car manufacturers received?
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Same. I'm looking into an EV, and I just want a simple car that goes and stops when I instruct it to. I don't need any kind of always-online service, I don't need cameras, etc, I just need to get to work and back.
Well, the US did have the slate truck coming up for really barebones options... But tariffs ruined that for now. Some of the lower budget Korean EVs have limited/optional connectivity.
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There is plenty of modern slave labor and exploitation going around. No major manufacutring nation is innocent.
What other "major manufacutring nation" oficially has this slave system?
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China builds cars using massive government subsidies, slave labor, and local resources that aren't available to anyone else in the world
Why are Japanese and Korean cars also better/cheaper than American cars then?
Slave labor
Citation needed
Massive government subsidies
The US doesn't massively subsidise auto-makers?
But yeah china bad
Why are Japanese and Korean cars also better/cheaper than American cars then?
They're not cheaper than American cars. Go price some out.
Citation needed
The US doesn't massively subsidise auto-makers?
China subsidizes Chinese companies. The US gives subsidies to manufacturers from all over the world via tax credits to buyers.
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Yeah, our VP rides around in a 2-door coupe and he's very tall, while my coworker (who is shorter) drives a big SUV because "he doesn't fit in smaller cars." I'm also tall and drive a Toyota Prius, which is small.
At the end of the day, none of that's legitimate, it's just an excuse to buy the car you prefer.
Larger cars should cost more because they take up more space, wear out the roads faster, and impact the environment more.
At the end of the day, none of that’s legitimate, it’s just an excuse to buy the car you prefer.
Since when is buying what we prefer considered negative? Calling it an excuse seems short-sighted.
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It might just be that, since BYD is serving such a large domestic market/population, that allows them to have cheaper cars? Something something, economies of scale. I'm no expert though.
There is a limit to that effect, though. And most observers agree that the state is subsidizing heavily.
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