this post was submitted on 23 May 2024
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We've also seen over and over they won't just fix things themselves if you rely on "competition". They'll just buy each other until there's no competition, or they'll collude to just not provide anything worthwhile in the first place.
Can't buy up or collude with Chinese competition, since they're producing it for their own use rather than profit.
... you don't actually believe that, do you? Cause they can 100% go all in on Chinese corporations if it means they get that cashola.
And if you think Chinese companies aren't in it for the money themselves... I'd love to meet your dealer cause you must be on some fantastic shit.
What does this even mean? They can't form an oligopoly with them, signalling to them to raise prices/cut production to collectively increase profits in the American market like American corporations do.
I mean they are, but the big companies also have quotas they have to meet, defined in the 5 year plans, and the gov't is more than willing to shake down the owners/executives if they're too profitable or not productive enough.