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China’s Electric Vehicles Are Going to Hit Detroit Like a Wrecking Ball (www.nytimes.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 56 points 8 months ago (2 children)

US car prices have risen massively over the last few years. Dealers just openly list $5000 markups on the sheet.

things are ripe for disruption so the empire is really going to have to ramp up the protectionism.

Perhaps the Big Three deserve destruction; after all, they hooked us on S.U.V.s in the first place and then fell behind in the E.V. race. But letting them die is not a tenable political option for the Biden administration.

but wait I thought "mArKeT fOrCeS WiLl pRoDuCe tHe bEsT oUtCoMeS"??

capitalism only works on paper

[–] [email protected] 24 points 8 months ago (1 children)

And the paper is a damp bar napkin

[–] [email protected] 14 points 8 months ago

Art Laffer's life story.

[–] [email protected] 7 points 8 months ago

The Yard Sale model makes me think it doesn’t even work on paper.