Patreon: https://bit.ly/3v8OhY7Richard Wolff is Professor Emeritus of Economics at the University of Massachusetts Amherst and a visiting professor at The Ne...
the US is trying to subsidize an industry in which it can’t really dominate the competition or at least compete, though. I’m just a simple country lawyer but it seems like the difference is that US subsidies have lost all effectiveness due to intermediation by layers of profit-seeking grifters— they throw tens of billions at Intel and instead of new fabs getting built, Intel trims up its bottom line and fires a bunch of people.
AFAIK, the US isn’t doing much in the way of EV production, it subsidized Tesla for a while and probably keeps doing it, but there’s no comprehensive plan behind it to stop the reliance on batteries on China for example, at least in the short to mid term. Again, that’s all as far as I know.
the US is trying to subsidize an industry in which it can’t really dominate the competition or at least compete, though. I’m just a simple country lawyer but it seems like the difference is that US subsidies have lost all effectiveness due to intermediation by layers of profit-seeking grifters— they throw tens of billions at Intel and instead of new fabs getting built, Intel trims up its bottom line and fires a bunch of people.
AFAIK, the US isn’t doing much in the way of EV production, it subsidized Tesla for a while and probably keeps doing it, but there’s no comprehensive plan behind it to stop the reliance on batteries on China for example, at least in the short to mid term. Again, that’s all as far as I know.