This is why we have trade protectionism - tariffs, “made in X” laws, etc. - to ensure capitalists can continue to generate maximized profits, rather than having to compete with Chinese-made cars.
The oft-quoted argument is “well, we need to protect jobs” - well, tax the rich and subsidize it then, if those jobs are so important. Why should the working class pay the cost of protecting jobs (ensuring ongoing production for the benefit of the ruling class) in industries where capitalists continue to maximize profit?
The United States already subsidizes many industries, the idea that the rich capitalists on top of the auto industry (that has been subsidized through bail outs previously) just cannot compete against the subsidies of China’s industry is just capitalist thinking. And look where that’s gotten us.
This is not a pro-China post. I’m Canadian. I’m sick of this current world order.
This is why we have trade protectionism - tariffs, “made in X” laws, etc. - to ensure capitalists can continue to generate maximized profits, rather than having to compete with Chinese-made cars.
The oft-quoted argument is “well, we need to protect jobs” - well, tax the rich and subsidize it then, if those jobs are so important. Why should the working class pay the cost of protecting jobs (ensuring ongoing production for the benefit of the ruling class) in industries where capitalists continue to maximize profit?
The United States already subsidizes many industries, the idea that the rich capitalists on top of the auto industry (that has been subsidized through bail outs previously) just cannot compete against the subsidies of China’s industry is just capitalist thinking. And look where that’s gotten us.
This is not a pro-China post. I’m Canadian. I’m sick of this current world order.