▲ 221 ▼ BYD upgrades top-selling small electric SUV with more range, now starting at about $11,000 (electrek.co) submitted 1 month ago by Sunshine@piefed.ca to c/electricvehicles@slrpnk.net 67 comments fedilink hide all child comments
[–] hanrahan@slrpnk.net 13 points 1 month ago (1 child) so, not capitalism, because it can't compete? permalink fedilink source parent hideshow 1 child comment replies: [–] HumanOnEarth@lemmy.ca -5 points 1 month ago* (last edited 1 month ago) That's not how that works. Capitalism does not require universal free trade. That's not viable under any system. Edit: capitalism/kăp′ĭ-tl-ĭz″əm/ noun An economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market. An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy. Similar: capitalist economy A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state. permalink fedilink source parent
[–] HumanOnEarth@lemmy.ca -5 points 1 month ago* (last edited 1 month ago) That's not how that works. Capitalism does not require universal free trade. That's not viable under any system. Edit: capitalism/kăp′ĭ-tl-ĭz″əm/ noun An economic system in which the means of production and distribution are privately or corporately owned and development occurs through the accumulation and reinvestment of profits gained in a free market. An economic system based on predominantly private (individual or corporate) investment in and ownership of the means of production, distribution, and exchange of goods and wealth; contrasted with socialism or especially communism, in which the state has the predominant role in the economy. Similar: capitalist economy A socio-economic system based on private property rights, including the private ownership of resources or capital, with economic decisions made largely through the operation of a market unregulated by the state. permalink fedilink source parent