On: Hyundai was poised to become Tesla’s top contender. Then the U.S. blindsided it

[comice]

Just another example of state capitalism. Another huge handout to Tesla.

I personally happen to think it's fine for a government to do this kind of thing, but let's call it like it is!

[CrackerNews → comice]

State capitalism is when the state owns the means of production. The state does not own Tesla, but it will be economic protectionist for privately owned businesses under it.

[somat → comice]

capitalism is the free market. when something is interfering with the market, that is not capitalism, in fact, this is the opposite of capitalism, the controlled market.

[CrackerNews → somat]

Capitalism is the private ownership of the means of production in the hands of capitalists. State subsidies do not change the ownership.