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re: Why is the west melting over Chinese "overproduction"?

Posted on 5/7/24 at 11:48 am to
Posted by Zach
Gizmonic Institute
Member since May 2005
112595 posts
Posted on 5/7/24 at 11:48 am to
Chinese overproduction is hurting their economy. They have 1,000s of EVs rotting in vacant fields. They have 100s of large buildings that will never be occupied.
Posted by Tesla
the Laurentian Abyss
Member since Dec 2011
7981 posts
Posted on 5/7/24 at 11:51 am to
quote:

Indefatigable


quote:

Is state-run companies flooding the market with cheap unregulated shite the free market?


Who are you and what have you done with Indefatigable?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261492 posts
Posted on 5/7/24 at 12:02 pm to
quote:

Chinese overproduction is hurting their economy.


Their plan was always unsustainable. Their empty buildings are worth more unfinished than finished.

Their wealth building scheme was awful, which you would suspect from central planners.
Posted by Zach
Gizmonic Institute
Member since May 2005
112595 posts
Posted on 5/7/24 at 12:13 pm to
quote:

Their wealth building scheme was awful, which you would suspect from central planners.


And the USSR should have shown them that central planning doesn't work.
The Soviets beat the US in Sputnik and with the first manned space flight. At the same time their grocery stores and consumer products were 20 years behind the U.S. Investment is determined best by the free market.
Posted by thebigmuffaletta
Member since Aug 2017
12995 posts
Posted on 5/7/24 at 12:20 pm to
quote:

Is state-run companies flooding the market with cheap unregulated shite the free market?


Depends. Is the state run company using slave or forced labor to produce those goods? If they are, I’d say it’s not a free market and akin to stealing something from someone and reselling it to someone else. If the labor used to produce those goods is voluntary, it’s a free market.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261492 posts
Posted on 5/7/24 at 12:21 pm to
quote:



And the USSR should have shown them that central planning doesn't work.


Progressives are addicted to it.

Which is why tariffs suck. Theyre an integral part of central planning and govt intrusion.
Posted by BuckyCheese
Member since Jan 2015
49769 posts
Posted on 5/7/24 at 12:30 pm to
quote:

Which is why tariffs suck. Theyre an integral part of central planning and govt intrusion.


You are way too binary on this.

Laughably so.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261492 posts
Posted on 5/7/24 at 12:37 pm to
quote:


You are way too binary on this.


Tariffs are simply crony capitalism, and hurt entrepreneurs, not woke corporations.

Traditionally they are union protection, which leads back to the worst economic decision makers in our universe. Leftists unions.

Good on you for taxing the consumer to support woke corporations though. The union baws will love you.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261492 posts
Posted on 5/7/24 at 12:40 pm to
quote:

State run market is not same as a free market.


For the consumer, it can be.

The Chinese have been fricking themselves for decades, for your benefit. And it angers you.

Posted by BuckyCheese
Member since Jan 2015
49769 posts
Posted on 5/7/24 at 12:56 pm to
Like I said...
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
261492 posts
Posted on 5/7/24 at 1:07 pm to
quote:



Depends. Is the state run company using slave or forced labor to produce those goods? If they are, I’d say it’s not a free market


A free market is unilateral.

If these dumbass union baws were smart, they'd buy cheap chinese components, add value, mark up and get rich.

Most of the stuff that says "made in the USA" is loaded with Chinese components. Businessmen are smarter than Union flunkees.
Posted by Rip Torner
Member since Jul 2023
571 posts
Posted on 5/7/24 at 1:29 pm to
Tariffs are SOMETIMES necessary unfortunately not every nation plays by the same rules. In theory it sounds great to say that the market would ultimately correct any issues created by being flooded by cheap products but market corrections can take decades. Our issues with China didn’t begin with cheap steel and they predate idiotic trade deals negotiated by both parties over the last couple of decades. We no longer have the manufacturing infrastructure to compete with China or even India for certain goods like steel that we used to produce in great quantities. In theory we shouldn’t need tariffs and we wouldn’t had it not been for poor policies instituted by the US government but the US has to or US steel will be nonexistent.
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