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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)

submitted 2 days ago* (last edited 2 days ago) by [email protected] to c/[email protected]

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[–] [email protected] 11 points 21 hours ago

Capitalism isn't about anything other than keeping the ruling class rich and in power. How it chooses to do that has varied throughout time. During the 20th Century the lie was that "American Style" capitalism was fair because the capitalists would promote Laissez-faire style economics ("Free Trade") out of their mouths, while actually building monopolies.

With the rise of Trump-style 'conservatives' Republicans have adopted a new strategy, Mercantilism. Mercantilism doesn't even pretend to be fair or free. The word 'Competition' doesn't even appear anywhere in that article because competition is bad for Capitalists and they see no reason to continue to lie about that. They actively oppose free trade.

Even if 'Capitalists' possessed the ability to feel shame for being hypocrites (which they certainly do not), calling them out for not following along with the principles of 'the free market' does no good since they have abandoned advocating for that a while ago.