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Comment Re:What is "oversupply"? (Score 1) 146

What exactly does it mean to "oversupply" something? The only way I can interpret that is they make so many cars and batteries that inventory hangs out in warehouses, unable to be sold at any price. How exactly is that bad for consumers?

That is the argument Milton Friedman made.

"But, but, but, monopolies!" I hear people sputter. Yes, companies trying to compete with them now may fail.

Sounds like you know what the problem is. Think of it like the DeBeers diamond cartel on steroids.

When the subsidies stop, I'm confident new companies will pop up to fill the void.

Then the subsidies will start again until those new companies disappear.

Comment Re:Crrot and Stick (Score 2) 100

Industrial R&D is important, but it is in a distrant third place with respect to importance to US scientific leadership after (1) Universities operating with federal grants and (2) Federal research institutions.

It's hard to convince politicians with a zero sum mentality that the kind of public research that benefits humanity also benefits US competitiveness. The mindset shows in launching a new citizenship program for anyone who pays a million bucks while at the same time discouraging foreign graduate students from attending universtiy in the US or even continuing their university careers here. On average each talented graduate student admitted to the US to attend and elite university does way more than someone who could just buy their way in.

Comment Re: Trying to corner the market (Score 1, Interesting) 146

China has been manipulating the lithium market the same way they've been manipulating the rare earths market (ie, poor environmental standards and anti-competitive practices by trying to build a monopoly). No other car company can acquire batteries at the same low cost as Chinese car producers. As soon as the supply chains are fixed (for both lithium and rare earths) this won't be a problem anymore.

China's dumping practices are well documented in the car industry. They overproduced and are now selling below cost.

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