People make a fuss about China unfairly subsidizing its auto industry but this is exactly how subsidies should work.
USA meanwhile has spent over $120 billion to prop up its own auto companies over the last two decades and has nothing to show for it except some very rich executives, and that is considered rugged capitalism at work.
Subsidies to keep a failing industry alive are, reasonably, seen as a different phenomenon than subsidies to help a successful industry beat its international competitors. If Americans want to toss a bunch of money into a hole to ensure people can keep buying F-150s as commuter cars, that's just not a big problem for anyone else.
Disagree. The US manufacturers doubled down on over priced cars that nobody can afford, that's what the money went towards.
This is right and it's wrong. Every inexpensive car in America utterly fails to sell. Dodge tried with the Dodge Dart 2 in 2013 and it lasted 3 years before they ended the model for lack of sales. Mitsubishi has tried for years to sell to the lower end market, and has ended up cutting every model from their lineup except the SUVs and larger vehicles. The big 3 completely stopped making sedans. The best selling car in America right now? The Ford F-150. Starting at $40k, 20mpg combined.
yes, the american automaker doubled down on expensive cars, and it's because the american consumer demanded it and outright refused to buy anything else.
They didn't try in earnest. The Dodge Dart was a very low quality car at an uncompetitive price. You could get a Corolla for the same money. I bought a Nissan Versa around that time for like $10k out the door.
Ok but even then, Nissan officially discontinued U.S. production of the Nissan Versa. These things don't sell. American's by-and-large don't want them.
A combination of low interest rates and declining Nissan quality to price. You couldn't get a Versa for under $20k post-2020, so there was absolutely no reason to buy one.
Don't forget about all the High-Seniority union members who got paid very well to stall progress so the next generation has no ability to compete.
Could you provide evidence of senior union members making anything close to what executives make?
Probably not, can you? I never asserted that so why would you ask for evidence of it?
You compared them to the 'very rich executives' in the parent comment.