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by dtquad 430 days ago
>the Chinese economic model of government-controlled economic direction, though not perfect, would work better

You want the US government to provide more subsidies to US tech companies so they can stay competitive? Because that is what China is doing for its tech sector.
3 comments
xbmcuser 430 days ago
You only look at the surface China is subsidizing everything but at the same time forcing the companies to share the wealth created with all of its populace not just the company and company share holders.

Subsidizing companies is not the problem not sharing the wealth with the workers is the problem. US not subsidizing it companies is bullshit fed to you. As Boeing, Tesla, SpaceX, Microsoft from the tel-cos to the power suppliers to banks and hedge fund all have been subsidized by American tax payers or are still being subsidized with and you get share buybacks. Americans are being bullshitted into loosing their social and healthcare subsidies in favor of giving it to corporations but the sharing back of the wealth in conveniently forgotten

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Igrom 430 days ago
>You only look at the surface China is subsidizing everything but at the same time forcing the companies to share the wealth created with all of its populace not just the company and company share holders.

Do you have in mind any examples that make your case the strongest? In particular, examples caused by subsidy to the company, and not to the population[1].

[1] like this one: https://www.gov.cn/zhengce/202501/content_6997459.htm

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const_cast 430 days ago
The US already subsidizes these companies, sometimes more severely.

The problem is these companies are thieves, mostly. They just take the money and pocket most of it. Infrastructure be damned.

And when the house of cards inevitably tumbles down, they don’t pay the price. The gains are private, but the losses are public.

US companies always favor tomorrow, not next week. They look to enriching themselves NOW. But in doing so they take on a debt. They put everything on a metaphorical credit card. Eventually the competition is too hot and they have to pay their debt very quickly, and they shutter despite their subsidies and long-running success.

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throw310822 430 days ago
Why not if it brings long term benefits to the country?

Better than putting that money in the military, isn't it?

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