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this post was submitted on 10 Jul 2025
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Technology
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Tbf notoriously China subsidizes BYD to net loss so its not exactly capitalism.
It's state sponsored capitalism and China has pumped a ton of money into BYD to get them to where they are.
I can see them giving larger tax breaks to companies in the US, but current administration is all in on tariffs as the way to increase our domestic production. It doesn't make ours any better or cheaper, just everything else more expensive.
State sponsored capitalism is what everyone does. The only reason Tesla even exists is because of US government support