Comments by "M gronich" (@mgronich948) on "America's Plan to Crush China's Industry" video.

  1. There are some serious flaws in the logic of this video, even after you remove the blatant western propaganda. He says its one thing to buy cheap products because Chinese EV makers are more efficient, but it's another if the lower prices are because of state subsidies. The problem is CHinese subsidies have ended (in 2022). The low prices are entirely from production efficiencies. When Japanese cars invaded the US, US big 3 were caught flat footed. Now Chinese EV makers are outcompeting the japanese. A valid question to ask is are the 10's of billions going to subsidize the US auto companies a total waste of money? Industrial policy in the US has a near 100% record of failure. (Solindra Corp made solar panels and after getting ~ a billion in subsidies declared bankruptcy shortly after the subsidies ended). And now with the IRA and the Chips act the US has embarked on expanding industrial policy on a massive scale. Biden admin wants to return manufacturing to the US. Will this turn out to be a massive failure? It's not just potentially a huge waste of money, but that money is come from debt that we have to pay interest on for the next 10+ years.
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