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by mschuster91
435 days ago
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> If they aren't allowed to compete, local industries will never have an incentive to improve. Neither Europe nor the US can compete with the level of disdain for the environment, labor laws and poverty that China brings to the table. Wages alone make anything made in China so cheap that, for mass-market goods, competing against China (or its upcoming competitors in the race to the bottom) is impossible. |
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The issue is entirely subsidies at this point.
Labour costs have been steadily rising for the past decades and significant poverty hasn't been an issue for a long time. Emission wise, China is strictly ahead of the USA when you look per capita (unsurprisingly, they are not an oil producer).
China is not in a race to the bottom. Their hdi has been steadily climbing. They are economically more or less in the same position that Japan was in the 80s before the Plaza accord but with less prosperity, on the verge of becoming a developed country.