Re: VFACTS - September 2024
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That's a tough one Franco as we are almost at that point where things go beyond competition and what is better for the consumer
The cheap Chinese cars are great for the consumer, but are coming from the munificence of the govco which may be co-invested, or otherwise helping or directing produce excess and sending it to world markets. Now, there being no free lunch, this is probably not being done for reasons of capitalism, but rather to cover over their real estate implosion, and maybe also to eradicate competition (and thus, industrial capacity) in rival states. There's also a bit of flag waving and pride in having a flagship auto industry, just ask Australia...
So, the US and EU, now in the target sights, have a couple of choices, they can go total free market to the benefit of their consumers, or they can decide to protect their industry and compete in a weird protected vs protected situation. This is what they are doing, and isn't free market capitalism - but here we are.
Given troubles in the ME and in Ukraine, and the stupendous amount of 155mm shells being used, amongst other things, having sovereign industrial capacity might just be a really desirable thing, just ask Australia...
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I6 + AWD
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