this post was submitted on 02 May 2024
270 points (96.9% liked)

Technology

34912 readers
345 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS
 

cross-posted from: https://lemmy.ml/post/15089465

Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 6 months ago

Sure man, I guess the nets on the sides of the factory buildings are there to catch workers who are jumping with joy because their work is so rewarding.

I don't deny that China's economic ascendancy has been remarkable and a big win against poverty, but now that people have gotten past the starvation phase, I don't think you can use the "high tide raises all boats" analogy. It sounds a lot like tricke-down economics to me, with some hand-waving that things are different in China because the wealthy elites are actually generous patricians.