It’s not that America and Europe can’t compete. It’s that they’ve got their fat asses propped up on piles of misbegotten cash and are too fucking lazy and greedy to make a good product.
Every country subsidizes their industries. The US automakers have gotten tens of billions in bailouts whenever they trip on their face, plus decades of tariffs against cars made outside the US so they play safe in their home market.
The difference is that the Chinese had a strategy of developing the industry rather than supporting the companies (and allowing them to steal the money). Looks like the bet they made has paid off. It will be years and a complete corporate rethink to get out of this black swan moment.
Alternate headline: “The World’s Carmakers Have Become Too Fat And Bloated To Compete With China”.
This is my take too.
It’s not that America and Europe can’t compete. It’s that they’ve got their fat asses propped up on piles of misbegotten cash and are too fucking lazy and greedy to make a good product.
And massive subsidies China gives its industries to dump global markets and take control afterwards
https://www.reuters.com/world/china/global-subsidies-rebound-especially-china-oecd-says-2026-06-01/
Every country subsidizes their industries. The US automakers have gotten tens of billions in bailouts whenever they trip on their face, plus decades of tariffs against cars made outside the US so they play safe in their home market.
The difference is that the Chinese had a strategy of developing the industry rather than supporting the companies (and allowing them to steal the money). Looks like the bet they made has paid off. It will be years and a complete corporate rethink to get out of this black swan moment.