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Anorak | If our companies are going bust because of China’s subsidies, what should we do?

If our companies are going bust because of China’s subsidies, what should we do?

by | 16th, August 2012

A NICE little conundrum: if all our solar panel companies are going bust because of Chinese competition then what should we be doing about it? And our solar companies, the US and the European ones , are all going bust. And they are going bust because of competition from Chinese companies, those slant eyed devils getting lots of support, lots of subsidy, from the Chinese taxpayer.

So, clearly, we must protect our boys by raising tariffs against the dastardly and wily orientals, and subsidise our boys to help then survive, right?

If the Chinese want to subsidize the production of solar panels, far be it from me to stop them. Consumers around the world can benefit from China’s beneficence-and stupidity. There is no reason for us to imitate it.

Actually, no, we don’t. Such subsidies are in fact a transfer of money from those Chinese taxpayers to us. And when someone gives you free money

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Posted: 16th, August 2012 | In: Money Comments (5) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink