The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
The people who delayed the process to move to more green energy are also the people who have the money and want to keep it. They thought that by not making the tools for green energy, the public would not move to it. Their poor planning and short sighted goals have allowed other countries, specifically China, to seize the lead in manufacturing power infrastructure and only now have those greedy decision makers realized how bad their decisions suck balls and how much it will cost them. Their only option to counter the free market and the freely made purchasing decisions of a public who is keenly aware of climate change is to close the border and not let in that new green tech.
This is what it looks like to see someone on the wrong side of history. They will become irrelevant and then ignored before being forgotten. But it’s the bed they made.
Yellen’s basically saying the Chinese are selling green energy products below cost, aka “dumping” without actually using the word, which would be an accusation of unethical conduct.
Foreign manufacturers, especially those with nation-state support, do “dumping” to grab market share and destroy local competition. The foreign companies eat the initial losses, but then they can raise prices after local companies are destroyed, acquired, or hopelessly behind and competition has been effectively eliminated.
But that’s not what’s actually happening, and even if it was, you just need to subsidise those industries in your own country to account for that, and everyone gets more green energy.
WTF, why would you try to curb the installation of green energy generation during this climate crisis?
The people who delayed the process to move to more green energy are also the people who have the money and want to keep it. They thought that by not making the tools for green energy, the public would not move to it. Their poor planning and short sighted goals have allowed other countries, specifically China, to seize the lead in manufacturing power infrastructure and only now have those greedy decision makers realized how bad their decisions suck balls and how much it will cost them. Their only option to counter the free market and the freely made purchasing decisions of a public who is keenly aware of climate change is to close the border and not let in that new green tech.
This is what it looks like to see someone on the wrong side of history. They will become irrelevant and then ignored before being forgotten. But it’s the bed they made.
Yellen’s basically saying the Chinese are selling green energy products below cost, aka “dumping” without actually using the word, which would be an accusation of unethical conduct.
Foreign manufacturers, especially those with nation-state support, do “dumping” to grab market share and destroy local competition. The foreign companies eat the initial losses, but then they can raise prices after local companies are destroyed, acquired, or hopelessly behind and competition has been effectively eliminated.
But that’s not what’s actually happening, and even if it was, you just need to subsidise those industries in your own country to account for that, and everyone gets more green energy.
But what if we subsidize oil instead?
I can agree with that, but try getting Congress to fund it…