Agreed. German car companies are making a huge percentage of their sales in China, and they dont want to lose that. And the car companies are very powerful politically. So China keeps them happy by doing business, and avoids direct confrontation. Really a great strategy.
Yeah, it’s amazing how capitalists have no choice but to pursue strategy that’s counter to their long term interest. It’s a version of prisoner’s dilemma for them. Unless all the companies agreed unanimously to pull out of China then no companies can afford to do so.
Agreed. German car companies are making a huge percentage of their sales in China, and they dont want to lose that. And the car companies are very powerful politically. So China keeps them happy by doing business, and avoids direct confrontation. Really a great strategy.
Yeah, it’s amazing how capitalists have no choice but to pursue strategy that’s counter to their long term interest. It’s a version of prisoner’s dilemma for them. Unless all the companies agreed unanimously to pull out of China then no companies can afford to do so.