To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.

What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?

Meanwhile US O&G:

They’re CANDU designs, so probably SNC-Lavalin?

This is where China’s “debt trap diplomacy” might actually be beneficial for Kenya…

China’s loans serve to improve the top-line (economic growth), and China’s loan concessions don’t affect that. When Kenya puts Mombasa Port’s 50-year operating and port fees up for collateral, that’s a hit on the bottom line (Kenya’s government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would’ve been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.

The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.

If a country can’t grow, how can you expect it to pay off it’s loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.

I’m cautiously optimistic that the burger empire will embrace HSR like the rest of the advanced world. America’s competition is no longer the Soviet Union, but China.

Your claim is that MiHoYo, a gaming company responsible for Genshin Impact, is a government funded company?

Okay then.

To the best of my knowledge, this is the first commercially-funded (i.e., non-government) nuclear fusion reactor. Notable investors are MiHoYo (developers of Genshin Impact), Nio (Chinese EV company), and Sequoia Capital…

Relevant:

U.S. to Push Israel on Allowing Gaza Offshore Gas Reserves to Revitalize Palestinian Economy

“gee why did he set himself on fire? must just be something people do”

it’s laughable how US media attributes self-immolation in Tibet to what must be CPC oppression, but self-immolation in the US must just be a cute little coincidence due to poor mental health

Inb4 shitlibs tell me the Quincy Institute is Russian agitprop

https://archive.is/GZq32

Muslims are cockroaches, Crimea deserved it, deep nationalism.

Basically, fascism with a 21st century coat of paint.

So your claim is that Germany isn’t supporting Israel, and that Israel isn’t conducting a genocide?

So your claim is that Germany is actually in support of Palestinians? Odd, that.

Ethnic cleansing by… Celebrating their culture to billions of Chinese?

Oh, no, maybe you meant travesty of investing in infrastructure for Uyghur-dominated regions like Kashgar. Maybe the despicable act of affirmative action to improve education access to minorities.

I don’t suppose you’d see how you’re sampling from a very biased set?

There’s no arguing that, at some point, Xinjiang’s per-capita prison rate was roughly on par with that of Black Americans. I’m not going to deny that. It’s a clear indicator of racial prejudice and discrimination. Are they still alive? Yes. Do they still have a unique and distinctly non-Han culture? Yes. Is that culture celebrated in the most viewed televised event in the world? Also, yes.

I’m not going to pretend that there’s no racism in China, but let’s not make mountains out of molehills when there’s a real, tangible, documented genocide going on that the West completely ignores when Israel uses the same justification of “terrorism.”

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And yet still blatantly in support of genocide.

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Scholz is trying to cover for his own inability to discuss Germany history stretching back more than 80 years.