Yellen, who is planning her second trip to China as Treasury secretary, said Wednesday in Georgia that she will convey her belief to her Chinese counterparts that Beijing’s increased production of green energy also poses risks “to productivity and growth in the Chinese economy.”
U.S. Trade Representative Katherine Tai said in response to the complaint that the U.S. subsidies are a “contribution to a clean energy future” while China “continues to use unfair, non-market policies and practices to undermine fair competition.”
This almost reads like an article from The Onion
Janet Yellen needs to fuck off
What, pray tell, did she do to you?
She’s a wall street puppet
https://amp.theguardian.com/business/2021/jan/01/janet-yellen-speaking-fees-us-treasury-secretary
Well she is directly involved and paid to make our future worse. If her and biden were never born we’d all be better off, so maybe the least she could do is resign now and retire in a place where she has absolutely no influence at all.
A member of the Biden administration taking an extremely right wing stance?! What?! I am so shocked.
It’s almost as if democrats are mid right or something!
Much wow! 😂
Ya, all those left constituents can sit and spin!
Consistently voting for the “lesser evil” is really working out!
wont somebody think of the prices!
Give me heavily subsidized US made electric vehicles or STFU.
Outside of the US, you can get a 10k or less electric mini-van, mini-truck, or mini-car which would serve 90% of most peoples’ needs. Most US trips are under 3 miles after all and giant fast luxurious vehicles for those bike-range trips is just totally silly.
Meanwhile the cheapest new car in the US is what, a Mitsubishi hatchback for $18k? It’s ridiculous. The US Automakers are in a tacit conspiracy to squeeze us as hard as they can by refusing to sell anything affordable – by inflating sizes and bloating features to justify way higher MSRPs. Meanwhile the French have access to cheap ICEs like the Skoda Citygo and even ultralight city EVs like the Citroen Ami for half that price while still being easily 90% as capable for most people.
Or for roughly the same price as that bottom-of-the-market US ICE car you can get a totally workable EV like the Dacia Spring.
The US subsidizes huge vehicles in a million pointless ways. I absolutely refuse to believe that vehicle inflation is just caused by some cultural woo. It’s mostly just that we create giant roads, giant parking spots, giant highways, and have automakers that intentionally go as big as the market can bear because bigger means more money. And sprinkle on some bullshit tax loopholes and state agencies/NHSTA being ultra-conservative and you have a disaster. Smaller cars thrive in the old world because the old world doesn’t make it as convenient as possible to have a goddamn road yacht. They’d go big too, but it would just be a nightmare dealing with those huge cars because their governments don’t prioritize making way for them in every way possible.
And that’s not even getting into the frankly fine $2-3k EVs you can get in China. This is all just Europe.
If most US trips are under 3 miles why do we have cars at all? It’s extremely wasteful to use cars for that kind of transportation.
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Subsidized fossil fuels you say? Well ok, coming right up.
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But that would literally be communism!!
The unimaginable horror of cheap energy could collapse the global oil trade. Which country produces the most oil, again?
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Burger land with screaming eagles.
[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅] 🦅🦅🦅🦅
Caaaaw caaaaw
“Oh no, real competiton, in green energy no less!”
Bitch, are you for real?
The Invisible Hand at work
Oil companies: AHA! I was greenwashing the entire time! DRILL BABY DRILL
China: Don’t care, we’re rolling out renewables that will compete you out of the market
Oil companies: [frustrated crying face] noo you cant do that what about our profits?
This would be really hilarious if China developed the renewables to the point they would really be outright cheaper than fossils.
It already is and has been for the last decade.
https://en.m.wikipedia.org/wiki/Levelized_cost_of_electricity
Another proof for how pervasive monopoly capitalism is, and how Lenin was absolutely correct about imperialism.
Even more funny that the oil companies could have transitioned into renewable and become the kings of that field, but they care more about maintaining fossil fascism than do the money so they just did greenwashing instead. Now they’re going to get left completely in the dust.
the most progressive administration in the history of the united states everybody…
What’s fucked up is that might still be true and that just speaks volumes about how absurd we are. :(
Man I wish this were the onion.
Dinosaurs…
They power our cars
And determine our trade policy.
And if you get in their way, they’ll kill you
And if you get in their way, they’ll suicide you
fixed it for you
Wowwwww…
Us to underdeveloped countries: sorry bro can’t use coal anymore, the planet and all ya know. Sucks to suck friendo.
Us to developing countries starting off on a better foot than us: nooooooo not like that! What about the shareholders!?!?
Yes and the U.S. was also literally like “why should we stop burning coal, the underdeveloped countries (esp China) will still be burning coal decades after we stop, it’s not going to make a difference if we stop”.
Turns out the real driving force was actually bribery (“lobbying”) all along.
BuT aT wHaT cOsT¿???¿???¿??¿?
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unfair trade barriers
Did they forget what globalization means? Globalization means that other countries open their economy completely to U.S. companies while the U.S. grants import quotas (at best) for other countries (as long as they behave nice).
And what does this actually mean:
“I will press my Chinese counterparts to take necessary steps to address this issue.”
“Let me win again Mom said it’s my turn to win again.”
