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Cake day: June 8th, 2023

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  • Neither of those are exactly quality organizations whose claims should be taken at face value, though Amnesty International has made no claims about slave labor and HRW doesn’t itself have any statements about that so far as I can tell.

    Though this is beside the point as, again, we are talking about EV manufacturing. Please do your best to not support the orientalist implications throughout this thread. If you would like to make a specific claim, go ahead and do so, but be ready to explain it with more than NGO or State Department name dropping.


  • I’m sorry you’ve had to experience that transphobia on Lemmy. It is unfortunately common. And sometimes it even lurks as internalized transphobia in people that do not think of themselves as transphobjc. For example, there are Lemmy instances that actually promote chasers.

    I believe all instances if transphobia should be called out and obvious examples should result in bans. Sometimes it is good to let people have a chance to accept criticism and retract but I am biased towards more often banning. Comments that are transphobic should also be removed.






  • Slave labor is a system in which a person is bought sold and indentured to a master for a substantial duration, often life. Their labor is coerced as property of that master.

    That is not how China produces cars. They use highly automated systems and paid workers like everywhere else. While Chinese workers are paid less due to the forces of unequal exchange (a system imposed by the US) and an export economy (a system usually imposed by the US but more of a 4D chess move by China to develop productive forces, with the US gladly taking the deal for exploitation), that is not really why the cars are so much cheaper. It is because China has highly concentrated industry and a much less financialized system.

    Speaking about “fair” is amazing in this context. The US is simply trying to protect domestic monopsony industry and to damage Chinese industry. This is a jingoistic and corporate policy.



  • I… agree but isn’t then contradicting your previous point that innovation will come from large companies if they only try to secure monopolies rather than genuinely innovate?

    Nope.

    I don’t understand from that perspective who is left to innovate if it’s neither research

    Who said there’s no more research?

    not the large companies… and startups don’t get the funding either.

    Both are, on average, just doing boring work minorly translating research in the hope to become more monopolistic, just at different levels of the good chain. The former eats the latter.



  • Having seen and done this transition I can tell you that companies do very little for innovation compared to university researchers. Companies are exclusively focused on profit, they don’t do the five to ten year moonshot project unless they are already a massive corporation, not a startup, and even then the massive companies want the easiest thing to translate to a product and begin making money. At best they have engineers that make scaling up more practical, and while that is a fun and interesting thing, it is also very straightforward and is something a company has to avoid screwing up, not investing in massively to make it right.

    I’ve seen several companies that did literally nothing except swap a couple things on their production line and call it a day. The only transition from research to industry was an IP agreement and a few meetings.

    Large companies are not looking for innovation by buying startups, they are usually looking to secure monopolies. Sometimes they want the product and to work it into their own product offerings. This is often a way to vertically integrate more, not innovate. They bring in-house because they see a competitor emerging and want to hedge their bets or because they see a way to take over a market by just doing the same thing. Sometimes it is just a way to hire some employees that seem pretty competent and thereby deprive your competitors. Large companies operate with a monopoly mindset. This is also why Google kills every project that they declare won’t scale into a huge money-maker (they really mean take over a market).

    Small companies are often started with the plan of actually making and selling their product long-term but run headfirst into the fact that their industry is dominated by just 3 companies that will gladly do the one-two punch of threatening to bleed you legally with nonsense lawsuits while offering to buy you up. Or, on the flipside, just copying your work and changing it just enough that they know they could bleed you legally even though they have broken IP law. Usually, they would rather just buy you out at less than you are worth but enough to make the VCs happy.





  • The metrics here are those most relevant to finance, which is not synonymous with innovation. Startups are notorious money sinks that are only invested in due to a promise of monopoly profits later, basically a gamble. They usually fail, and dramatically. Finance is necessary for private capital investment and liquidity but when it grows too large it becomes parasitic and also tries to dictate policy. The real estate bubble that China is now dealing with is a direct result of financialization and an expectation that it would be “too big to fail” and that real estare finance would get bailed out by government.

    China is tackling this issue by limiting the impact of finance on its economy, changing its lending terms and what it guarantees, including not bailing out real estate finance. This has the direct effect of making startups and venture capital less common as they simply can’t make as much money from pure speculation. They don’t have a state-funded safety net for their worst gambles and interest rates are higher.

    Overall, this is a good development. China’s finance sector absolutely needed to be limited and it is good for the state to take on a greater role in running companies.