There’s a reason why soviet era technology was infamous for its use of plywood stalinium.
There’s also a reason why post industrial american technology is infamous for its use of chinesium totally legit made in USA stickers.
People are gonna hate this answer but the best products are made in a properly competitive market.
The USSR had state owned OEMS that ultimately relied on deals with foreign manufacturers to jump start their success significantly later than their international counterparts.
The big 3 US OEMs lobbied congress to block foreign imports to protect their inferior product in the home market (multiple times, notably against Japan and recently China).
You can have a competitive market under socialism! The main difference is the profits don’t get hoovered off by a parasitic investor class that don’t actually provide any meaningful labour.
Yeah, exactly. People think capitalism means competition, but that’s not a great definition of it. It means capital gets to call the shots and keep the profits, even when they’re not doing any meaningful work.
You could have any number of companies competing that are worker owned.
The kicker… They call themselves “The alliance for automotive innovation”
Gives me some distinct 1984 vibes because they haven’t made any meaningful innovations in decades, and now instead of paying $12,000 for a car that charges in 9 minutes… I have to pay $29,000 for a car that charges in 30 minutes
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
People are gonna hate this answer but the best products are made in a properly competitive market.
Yep, that. Protectionism leads to worse results for everyone except a handful of people who profit in the short term. Long-term, even the companies whose immediate profits are being protected will suffer as they make worse quality products that eventually no one wants to buy. Only the people who are in a position to grab some profits and run get any benefit.
Protectionism literally helped South Korea and China become technologically advanced. One of the ways for developing countries to actually make progress is to own their own market via protectionist policies. Whatever you said is just plain wrong.
There’s a reason why soviet era technology was infamous for its use of
plywoodstalinium.There’s also a reason why post industrial american technology is infamous for its use of
chinesiumtotally legit made in USA stickers.People are gonna hate this answer but the best products are made in a properly competitive market.
The USSR had state owned OEMS that ultimately relied on deals with foreign manufacturers to jump start their success significantly later than their international counterparts.
The big 3 US OEMs lobbied congress to block foreign imports to protect their inferior product in the home market (multiple times, notably against Japan and recently China).
You can have a competitive market under socialism! The main difference is the profits don’t get hoovered off by a parasitic investor class that don’t actually provide any meaningful labour.
Yeah, exactly. People think capitalism means competition, but that’s not a great definition of it. It means capital gets to call the shots and keep the profits, even when they’re not doing any meaningful work.
You could have any number of companies competing that are worker owned.
The kicker… They call themselves “The alliance for automotive innovation” Gives me some distinct 1984 vibes because they haven’t made any meaningful innovations in decades, and now instead of paying $12,000 for a car that charges in 9 minutes… I have to pay $29,000 for a car that charges in 30 minutes 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Yep, that. Protectionism leads to worse results for everyone except a handful of people who profit in the short term. Long-term, even the companies whose immediate profits are being protected will suffer as they make worse quality products that eventually no one wants to buy. Only the people who are in a position to grab some profits and run get any benefit.
Capitalism, socialism, communism, whatever, doesn’t matter.
Protectionism literally helped South Korea and China become technologically advanced. One of the ways for developing countries to actually make progress is to own their own market via protectionist policies. Whatever you said is just plain wrong.