And, a recent tour of one of the Asian powerhouse’s vehicle plants has proved this beyond a shadow of a doubt, at least to Honda President and CEO Toshihiro Mibe.
“We have no chance against this,” Mibe said upon a visit to a Shanghai parts factory, commenting on its seamless automation across all levels of production. Logistics, procurement and all aspects of the process were so automated, in fact, that he did not spot a single human worker on the supplier’s floor.
Ford executives saying even three years ago that China was way ahead of the game
Toyota’s CEO has likewise said regarding not just his company, but the industry in general, “unless things change, we will not survive”
Lmfao at the pro capitalism crybabies in this thread
Pick one.
The planned economy introduces artificial constraints in the system; the labor and fundraising for these corporations in China are… facilitated. Therefore those operating under an actual system of supply and demand will be disadvantaged.
Still, the theory would suggest that, yeah, buy their cheap cars. Let the corpos fail. Once China realizes that we’ve been sending them paper dollars based essentially on a scam economy, they will raise their prices back up. Then local production will be able to pick up again.
I don’t think they meant that the free market is realistically superior or efficient, just that it “morally” is.