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.
... other than the chinese. MKBHDs review of the Xiaomi SU7 is a real eye opener.
Do you mean this review: https://www.youtube.com/watch?...
Seriously, the idea that we know all the practically important physics there is is the kind of thing only somebody who's never done science or engineering would believe.
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.
and $387,000 on a Swiss watch.
He would have gotten more functionality and style from a smartwatch.
Some of my readers ask me what a "Serial Port" is. The answer is: I don't know. Is it some kind of wine you have with breakfast?