A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
Reminder that capitalism doesn’t mean free market.
That’s part of it, even if that’s not the only part.
Source: https://en.m.wikipedia.org/wiki/Capitalism
Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). “True Capitalism has never been tried before!”