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these 'freetrade' agreements are not capitalism, they are globalist socialism
Yeah, no. The government imposing artificial trade barriers through tariffs is the socialist thing if anything. You either believe in a free market or you don't.
Yeah, no. The government imposing artificial trade barriers through tariffs is the socialist thing if anything. You either believe in a free market or you don't.
freetrade is not free market
freetrade on uneven ground, MANDATING we take this cheep crap over our more expensive better quality items...is socialism , state socialism, or state fasco-socialism... but it sure is NOT free market
GM alone sold more than 4 million cars in China last year. Its a crucial market.
I fail to see how the big automakers can compete with the European car makers if sales dry up and the Chinese market is shared between other auto makers.
freetrade on uneven ground, MANDATING we take this cheep crap over our more expensive better quality items...is socialism , state socialism, or state fasco-socialism... but it sure is NOT free market
That's the exact opposite of what it is. You personally are free to choose whether to buy the cheap crap or pay more for quality. The free market does not demand any state action whatsoever.
You want to use the government as a hammer(and sickle) to restrict the market of goods and impose artificial prices that ultimately only consumers actually pay for.
A free market is free from government intrusion and protectionism, not free from competition.
A huge chunk of the Chinese market is basic $7-10k microvans/microtrucks. There's not much profit in that segment compared to the SUVs and full size trucks that are the bulk of the US market. And while the total volume of the Chinese domestic market is bigger than the US, The USA is still the most profitable single market by a long shot. GM may sell more cars in China, but it still makes a lot more money here.
Quote:
Originally Posted by PCALMike
China is by far the biggest car market in the world, larger than all of Europe and America combined
The bolded part is factually incorrect. China may well become larger than Europe and America combined, but they're not there yet (about 24 million units annually vs 17+15 million)
That's the exact opposite of what it is. You personally are free to choose whether to buy the cheap crap or pay more for quality. The free market does not demand any state action whatsoever.
You want to use the government as a hammer(and sickle) to restrict the market of goods and impose artificial prices that ultimately only consumers actually pay for.
A free market is free from government intrusion and protectionism, not free from competition.
A free market would also be devoid of government regulation and mandates as well...
Automotive industry is FAR from a free market.
Don't think so?
Volkswagens diesel division has some land on the moon they'll sell you cheap to pay for that lesson they learned...
Between that and recalls...
A huge chunk of the Chinese market is basic $7-10k microvans/microtrucks. There's not much profit in that segment compared to the SUVs and full size trucks that are the bulk of the US market. And while the total volume of the Chinese domestic market is bigger than the US, The USA is still the most profitable single market by a long shot. GM may sell more cars in China, but it still makes a lot more money here.
The bolded part is factually incorrect. China may well become larger than Europe and America combined, but they're not there yet (about 24 million units annually vs 17+15 million)
29 million trucks and cars sold in 2017 in China, and growing much faster than America and Europe in 2018...Do you think US auto makers can compete without this market going forward? GM share price took a heavy hit today.
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