0 sats \ 0 replies \ @shado_op 16 Mar \ parent \ on: Tesla’s Official India Entry Almost Confirmed Under New EV Policy econ
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Referring to free trade as per Ricardo, and more recently, mutli-lateral free trade agreements between countries and trading blocks.
Both these approaches work against the interests of a nation's working/middle class and in favour of global capital.
Leading to a race to the international cheapest provider and the destruction of employment, tax revenues, and society.
As India grows, they have clearly decided they will call the shots, in their national interest (another example, the current refusal to sign an FTA with the UK unless they get what they want), rather than the interests of global capital.
So they selectively allow international competition.
And good for them! Wish the UK would do the same.
In my view, anyway.
This is a coup for Modi. Free Traders and Globalists alike wont like it; but you have to admire how India stands up for its own interests. Its capped, time limited and Tesla have to unvest circa $800m in India
Under the new policy, effective immediately, companies that meet the requirements will be allowed to import up to 8,000 EVs costing $35,000 or more a year at a lower tax rate of 15%. India currently levies a tax of 70% or 100% on imported EVs depending on their value.
Back in the day, the European Left would have been the biggest supporters of a new industrial plant, as it offers well paid working and middle class employment.
The Left then decided they are no longer interested in social class as a demographic, (us pesky working class types wont do what we are told!) and replaced the traditional Marxist model of class struggle with Identity Politics instead. And that is why we are now here. (And btw, that is why they ignore the exploitation of Chinese workers)
I'm fairly new to all this, unlike a lot of the SN crowd.
As I see it...
Your BTC wallet is your savings account. Your Lightning wallet is your current/checking account.
?
There is some great comment here.
I also feel the Western media/politico write off regarding China's economy is a big mistake. My view; The West is reaping what we sowed. Did our rulers really believe China would remain subservient in the global economy? It appears they did; hence the recent scramble to put up trade barriers.
But it's too late. If you dont think so, try buying a smartphone not made by China (and dont be fooled by where it is assembled; the components and the commodities used in creating the components are mainly Chinese). Ironically for Western bitcoiners, the Chinese Gov/CCP has displayed low time preference and is now destroying the West at its own game... Short term market and property pressures are just that; short term...
I also feel the Western media/politico write off regarding China's economy is a big mistake. My view; The West is reaping what we sowed. Did our rulers really believe China would remain subservient in the global economy? It appears they did; hence the recent scramble to put up trade barriers.
But it's too late. If you dont think so, try buying a smartphone not made by China (and dont be fooled by where it is assembled; the components and the commodities used in creating the components are mainly Chinese). Ironically for Western bitcoiners, the Chinese Gov/CCP has displayed low time preference and is now destroying the West at its own game... Short term market and property pressures are just that; short term...
I am increasingly of the view that btc adoption in the US and Europe (not just the EU) are/need to be completely different things.
Ok, hear me out...
The belief in collective solutions, the benelovent State, the social democratic model, despite experience to the contrary, is deep rooted. (Eg the UK's NHS is falling apart but try saying so! The Euro has demolished the economies of Southern Europe, but again, try saying that and people look at you with concern).
We need a different argument over here; that focuses less on the individual, and more on the collective benefits.
Appreciate many BTC OG's in the US are probably spitting out their morning coffee at this idea. But Europe isnt the US and the same arguments simply dont work. For example, and this is off the top of my head; ...The euro, pound, kroner etc can be forged. And they are. But BTC is backed by a community running computers built on cryptography and maths. They all verify one another's transactions. This community works in everyone's joint interest. Unlike the euro, pound, kroner etc, no one has ever forged a bitcoin and got away with it ...
Appreciate many BTC OG's in the US are probably spitting out their morning coffee at this idea. But Europe isnt the US and the same arguments simply dont work. For example, and this is off the top of my head; ...The euro, pound, kroner etc can be forged. And they are. But BTC is backed by a community running computers built on cryptography and maths. They all verify one another's transactions. This community works in everyone's joint interest. Unlike the euro, pound, kroner etc, no one has ever forged a bitcoin and got away with it ...