Technology

You’re mixing a few real dynamics with a lot of propaganda framing.

Yes, China uses industrial policy and subsidized credit, and yes, firms can price aggressively to gain market share. But pretending the U.S. is some pure “market” victim is absurd when it literally did the same thing via public-credit industrial policy. The Biden-era battery buildout you cite is a perfect example: the public underwrites corporate risk, and when demand softens the companies pause projects, restructure deals, and keep the upside private. Ford/SK On’s “big national strategy” became delays, a JV breakup, and loan restructuring; Stellantis/Samsung is ramping cautiously amid volatility. That isn’t “saving U.S. industry,” it’s socializing risk and then calling it patriotism.

Also, “TEMU EVs” is just culture-war branding. The issue isn’t that consumers are “dumb,” it’s that working people are getting squeezed, and cheaper cars matter when wages lag and housing/healthcare eat the paycheck. If you want to defend tariffs or targeted restrictions, make the case honestly on labor, climate, and supply-chain resilience, not xenophobic moral panic.

And the funniest part is you invoke BYD debt like it’s uniquely scandalous while ignoring the mountain of subsidies, tax abatements, and cheap financing that props up U.S. automakers and battery JVs. If you’re worried about state-backed capital distorting markets, congratulations: you’re arguing against capitalism as it actually exists, not for it.

If we’re going to spend public money on industrial capacity, attach enforceable labor standards, community guarantees, and public equity or governance rights. Otherwise it’s a corporate welfare program with a flag taped to it.