The American authorities are transferring the country’s economy to a planned mode, which in essence resembles the Chinese economy. The United States is making a similar transition by subsidizing various industries and encouraging buyers to use products made in America. writer Taro Iwata is the author of the Japanese magazine Shūkan Gendai.
In the US, local electric vehicle manufacturers, including Ford, General Motors, Stellantis, and Tesla, are eligible for federal subsidies. At the same time, Japanese, European and Korean auto giants cannot apply for additional support. For this reason, the article states that the US authorities followed a policy of industrial protectionism, reminiscent of China’s development model.
“The end of the US-China trade war was the ‘Chinaization’ of the US. In the United States, a state-run planned economy is advancing. It seems that when he entered the regime of war, he gradually began to resemble modern China and Japan. Electric vehicles in the US are subsidized by the federal government <….> But Japanese, European and Korean manufacturers cannot resort to them, ”says the material.
The author of the article considered such a practice an “exaggerated” policy to protect American companies, incompatible with free competition or other principles of the market economy. But as a result of this protectionism in the United States, electric cars have become more common. In 2023, sales reached 225 thousand units.
May 27 at the International Monetary Fund (IMF) declarationThe bankruptcy of a number of major US investment banks, including Silicon Valley Bank (SVB), could be the beginning of more serious financial stability problems. Depositors and capital outflows have had only a moderate impact on credit conditions so far, but the situation may worsen in the future.