this post was submitted on 27 Apr 2026
430 points (96.5% liked)

World News

55796 readers
2045 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
 

And, a recent tour of one of the Asian powerhouse's vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.

"We have no chance against this," Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier's floor.

Ford executives saying even three years ago that China was way ahead of the game

Toyota's CEO has likewise said regarding not just his company, but the industry in general, "unless things change, we will not survive"

you are viewing a single comment's thread
view the rest of the comments
[–] drmoose@lemmy.world -3 points 3 days ago (4 children)

This is not capitalism as China is net-lossing market acquisition.

This is called "dumping" and is not a feature of capitalism in any way. In fact, every single economic school that likes capitalism is against it. Generally net-loss market acquisition is very bad thing for our society as it privatizes gains and socializes losses. i.e. if EV market suddenly implodes many people would be holding the bag and if EV market succeeds then only a few people profit.

Marxists themselves classify net-loss acquisition as a failure of late-stage capitalism (which is fair) but when .ml's favorite flavor of authoritarians do it then it's ok lmao

[–] unmagical@lemmy.ml 49 points 3 days ago (1 children)

Dumping is the natural end of overproduction or under consumption. It's also a tool to secure new markets. Capitalists employ it to get new customers and minimize losses. That's why Walmart exists in small towns and why previous season's stock goes on sale.

What we see here is a state capitalist entity participating in a global capitalist market using the tools available to them to secure new markets. There's more than one tool at play here too: the article talks of the advanced state of automaton as the differentiator with domestic producers. At the scale of automation described, even if not sold at a subsidized loss that's still gonna produce a cheaper product.

[–] ContactClosure@lemmus.org 4 points 2 days ago

I'm glad the US doesn't privatize gains and socialize loses.

[–] prole@lemmy.blahaj.zone 14 points 3 days ago (1 children)

And yet here we are, in a capitalist society, and it's the current reality.

Wild.

[–] stupidcasey@lemmy.world 1 points 2 days ago

That's all true and China needs to be actively worked against to prevent their market manipulation but we can't forget the reason American auto makers can't compete is because America has manipulated the the markets so much they are uncompetitive also not capitalism, now they are trying to reverse course 180 before china is unstoppable by letting in a bunch of cheap labor, a lost cause if you ask me America will never be a manufacturing center again but you don't need to beat China just create competition and they will fall eg stabilize and incentive Mexico to create manufacturing and hope the tech industrys in America remains a monopoly or we're SOL.