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by immibis 146 days ago
We live in a capitalism. If something makes capitalistic sense it happens, otherwise it doesn't. Stuff will not be manufactured locally at great expense when it can instead be imported for free.
2 comments

Which is why everyone in the US who wants an affordable EV is currently driving a Chinese car.
> We live in a capitalism

The absence of capital controls is a political choice that people appear to believe is just a law of the world.

If there were capital controls then local manufacturing makes more sense.

It would kill the US stock market so it's unlikely to happen, but personally I don't see how unrestricted capital and restricted labour is anything but a recipe for disaster (the consequences of which we've seen in the US and Europe since the financial crisis).