posted in Technology
Xiaomi Has a Luxury SUV for $31,000 That All Western Brands Should Fear
www.wired.com/story/xiaomi-has-a-luxury-suv-all-western-brands-should-fear/Replying to @GolfFoxtrotLima@sh.itjust.works
They’ll be banned faster than you can memorize the spelling of Xiaomi. At least in the US, where we make sure the old inefficient companies stay afloat despite their incompetence.
Chinese cars are heavily subsidized by the state. The reason they’re so cheap is because China bets it can squeeze the competition out of the market before charging basically whatever they want.
I’ve seen Starbucks do the same thing to independent coffee shops.
Edit: This is a post about real car companies like Nissan, Volvo, Mercedes, Renault, whatever. I don’t care about America. Nobody has for decades.
Oh yeah, because US car companies are NOT subsidized at all /s
Replying to @notalannister@fedinsfw.app
Both statements can be true at the same time. But the scale of one is many times larger.
China’s MO from rare earths and magnets to cars to silicon follows the same plan. Take IP, Subsidize the industry, Research, once you have a monopoly use it to squeeze adversaries.
I will say at least China is willing to kill off underperforming companies.
The US needs to let a lot of legacy companies that aren’t performing die off. It also needs to break up oligopolies in many industries. Why compete when you can buy up the future competitors and set prices with a handful of competitors. The financialization of our economy is choking us.