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this post was submitted on 10 Jul 2025
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Technology
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So free markets are a terrible idea now and countries practicing import substitution weren't impoverishing their people.
US hypocrisy at it's finest.
It's not a free market.
BYD is heavily subsidized .
Pretty sure big oil and car companies have been bailed out by the US government in the past. Plus america designs most of its cities so that you need to own a car. Seems like both markets are equally "free" at the end of the day.
The majority shareholder at GM is the US treasury.
One of the majority holders at Stelantis is their workers' union.
https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%932010_automotive_industry_crisis_on_the_United_States