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Re:Exile Economics: If Globalisation Fails by churchill on Tuesday August 12, 2025 @05:35PM (#44882066)
If the Chinese want to dilute the wealth of their people and use it to subsidize stuff for Western consumers, the smart thing to do would be to buy it!

Anti-trade activists always agitate about how they'll jerk up prices after capturing markets, but Uber hasn't managed to pull it off, despite >$50 billion burned. The moment a company's margins hike significantly, they attract competitors chasing those same dollars and they have to lower prices or lose market share.

Re:Exile Economics: If Globalisation Fails by dilyevsky on Tuesday August 12, 2025 @05:44PM (#44882135)
Pretty obvious counter is it's not smart if in the process you've totally destroyed your domestic production
Re:Exile Economics: If Globalisation Fails by jncfhnb on Tuesday August 12, 2025 @05:45PM (#44882150)
Uber prices have been increasing for years now at a rate much faster than inflation
Re:Exile Economics: If Globalisation Fails by ghaff on Tuesday August 12, 2025 @06:12PM (#44882383)
So they had subsidized prices. Now a lot of people just go back to taking cabs or public transportation--or rent cars/drive.