Re:Why America's economy is soaring ahead of its rivals
by spiderfarmer on Wednesday December 04, 2024 @11:23AM
(#42319032)
If other countries are doing better, they will want to buy status symbols as well. This is how Germany profited from China developing in the first place. As long as markets continue to develop, chances will continue to appear.
Also, we shouldn't care about Europe's share of global GDP. We should care about how the poor people in our countries are doing. Like I said. We should maintain or improve our quality of life. Producing cars is just a means to an end.
Re:Why America's economy is soaring ahead of its rivals
by Cumpiler69 on Thursday December 05, 2024 @03:25AM
(#42326133)
You need money to take care.of the poor in your country. Where do you think that money comes from?
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Re:Why America's economy is soaring ahead of its rivals
by jandrese on Wednesday December 04, 2024 @01:53PM
(#42320662)
This is exactly where manufacturers like SAIC, BYD, and Dongfeng are winning. Building cheaper cars than were previously available and selling them in countries where "premium" brands like BMW, Toyota, Ford, Fiat, Volvo, GM, etc... don't try very hard to compete.
Head to any country without a domestic auto industry to protect and see what new cars people are importing. Sure there will be some rich people buying the brands you recognize, but call an UberX and they're going to show up in a Chinese brand you've never heard of. Or some zombie brand like MG.
Re:Why America's economy is soaring ahead of its rivals
by speeder on Wednesday December 04, 2024 @01:48PM
(#42320602)
Except when you charge sky high taxes you can't lower your prices to have access to that wider market, can you?
Re:Why America's economy is soaring ahead of its rivals
by programjames on Wednesday December 04, 2024 @03:40PM
(#42321809)
I think what you're really getting at is that the more efficient a market it, the closer to the Pareto frontier it is, and things become competitive instead of cooperative there.
Most parts of the global economy are. If you're selling cars for example, there's a fixed amount of drivers on the road you can sell cars to, so if you're VW, you're now competing with cheaper cars from Asia for those same drivers.
You can't create new drivers out of thin air to expand the market demand for cars. Once the market is saturated, without having any moat, you enter in a race to the bottom.
And that's what Germany's economy is discovering right now and why Europe's share of global GDP has been declining for the past 20 years.