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Snack Plissken
China Observer
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Comments by "Snack Plissken" (@snackplissken8192) on "China’s $1 Billion Self-Driving Unicorn Collapses, Xiaomi’s Investment Fails" video.
Whether Communist or Capitalist, the government paying companies to enter new industries and make product always creates perverse incentives that lead to uncompetitive and financially non viable products. The government can't pick winners because their idea of a winner is completely different to the market's idea of a winner.
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