On: Volvo to shift EV production to Europe to escape C...

[RivieraKid]

But companies already try to make better products and make them more efficiently, because it leads to higher profits.

So what exactly would you do to make a European manufacturer competitive with Chinese one, that essentially uses slave labor?

Let's say you tell them - cut your costs by 30% or die. They can't do that and they die. What now?

[constantcrying → RivieraKid]

>But companies already try to make better products and make them more efficiently, because it leads to higher profits.

Maybe, but only competition forces you into innovation. Companies very much like to do things they are already doing, that is easy.

[lossolo → RivieraKid]

What are you talking about? Have you seen Xiaomi EV car factory? Most of labor is done by robots. And part of labor that needs to be done by humans can be exported to India where labor is cheaper than China.

[RivieraKid → lossolo]

I'm talking about China subsidizing producers at the expense of consumers. See Michael Pettis' book or Twitter.