cross-posted from: https://lemmy.zip/post/51970309
Rivian’s CEO praised the Xiaomi EV’s design after a teardown.
RJ Scaringe said he’d buy the SU7 himself if he lived in China.
He called it a well-integrated, nicely executed technology platform.
cross-posted from: https://lemmy.zip/post/51970309
Rivian’s CEO praised the Xiaomi EV’s design after a teardown.
RJ Scaringe said he’d buy the SU7 himself if he lived in China.
He called it a well-integrated, nicely executed technology platform.
It also removes incentive to invest in research, so you need a balance. In communism, that’s not as big a problem.
First, what’s a “communism?” Second, China is capitalist as hell; it’s just capitalism under an authoritarian regime rather than under a democracy.
So, exactly like the USA.
No, the CCP is competent.
Not yet but very close.
China has a state controlled economy. No business persists unless allowed. That’s closer to a communist setup than a free market.
Free markets are a myth. Every country on Earth regularly interferes in the market to align it with its interests; China just does it more. That’s still not communism, because you can’t have billionaires (or private property in general) under communism. China under Mao was communist, but under Xi? No way. The Chinese government exerts significant control over its economy, but the primary driver of economic growth is still the private sector. China isn’t doing anything fundamentally different from what any Western capitalist state could do if they got their act together for five minutes.
I think the difference is in the breadth of control they can exert. US buying 10% stake in Intel, bailing out auto manufacturers, giving tax incentives to expedite select industries, etc… are very similar to Chinese state control, but not identical.
Fair assessment that’s it’s not a true communism, but it mimics the aftermath of a failed communism which is seen over and over, hence the reference.
Maybe read about terms like Communism before making statements.
Maybe add value to a conversation instead of arrogantly thumping your chest like you know everything?
Yes, it’s a big issue, no doubt. China’s solution is massive government subsidies, like G(G?)P said.