It s time to tell old Biden about the market economy

Mondo Finance Updated on 2024-03-03

When it comes to restricting China's electric vehicles, the Yankees are really shoddy and short-sighted. Even if it is put under the general trend of economic globalization, it is still a shocking retrogression. The elder Biden is also the leader of the free world, and making such a statement that hurts the credibility of the United States and undermines the market economy can be described as a shame to the ancestors of the United States.

Many people may say that the United States has always been hegemonic and has always suppressed China, and Huawei, chips, and TikTok are all victims, and it is not surprising that restrictions on Chinese goods are restricted. But this is not the case, this time it is completely different, this round of sniping by the United States on China's electric vehicles is a wanton destruction of the market economic order and a complete betrayal of the spirit of the rule of law.

The sanctions imposed by the United States on Huawei are of course essentially aimed at suppressing this Chinese technology company, which is a conspiracy on the table, but at least at the operational level, it still found a solid excuse (involving Iran) and went through a legal procedure. This is not taking off your pants and farting, but the rules and decency of the market economic order, and finding an excuse to "break the law" before sanctions is at least a fig leaf.

But in this round of suppression of China's electric vehicles, Biden has obviously been angry and has no regard for decency. From a legal point of view, no Chinese electric vehicle company has been proven to have violated U.S. law, let alone an industry-wide violation.

Biden's statement made it very clear that the reasons for the suppression were:

China is determined to dominate the future of the auto market, including through unfair practices. China's policies could flood the U.S. market with its cars, posing a risk to the U.S. market. Excerpt from Biden's statement.

This is a purely trumped-up charge, and Biden's intention to interfere with the fair order of market competition with administrative power can be said to be undisguised.

The United States' suppression of China's chip industry, of course, is also Sima Zhao's heart, and it is indeed a real reason for not having any rule of law, but at the operational level, the United States' suppression of China's chip industry is mainly to restrict its own enterprises from exporting products and technologies to China, which is a passive defense of "self-abandonment of martial arts" and to a certain extent belongs to people's "internal affairs". No, it's definitely wrong, but it's not that bad.

However, the suppression of China's electric vehicles is Biden's blatant infringement of the right of foreign-funded enterprises to operate legally and compete fairly in the United States, a gross disruption of the order of the US market economy, and a far-reaching harm to the US investment environment.

Of course, the United States is a rather attractive investment market at present, and there is a certain amount of capital to create for it, but in the long run, this kind of willful behavior actually hurts the foundation of the United States. Of course, if he wants to spoil his ancestral foundation, the Chinese can't control it, but we can still scold him for infringing on the legitimate rights and interests of Chinese enterprises.

When it comes to the suppression of TikTok in the United States, it is also very different from this round of electric vehicles. The United States tried to suppress TikTok, but it still found fault within the track of the rule of law, whether it was holding an interrogation hearing or initiating a security investigation, it was still stretching its claws and baring its fangs, and it did not substantively bite it, nor did it set a target to drive TikTok out in advance according to the presumption of guilt.

But this round of crackdown on China's electric vehicles has made a presumption of guilt from the beginning, and a clear goal has been set from the beginning:

Through this and other actions, we will ensure that the future of the automotive industry will be created here in the United States by American practitioners. Excerpt from Biden's statement.

There is already such a set goal of "clearing the field", and the rest of the investigation is obviously purely a formality, looking at the current tone, and even the possibility of a follow-up transition is too lazy to leave.

That's why I said that this time is completely different, and it is Biden's unprecedentedly bad practice, so I said that they are short-sighted.

In particular, the logic that Biden uses to presume that Chinese electric vehicles harm the United States, what network data is stored abroad, and what collects sensitive data of American citizens and infrastructure, can be used to question the threat of American technology products to China.

This is tantamount to Biden's personal endorsement of China's logic of restricting American products, which is not cost-effective for the United States in terms of the scale of high-tech products between the two countries and the future strength of the science and technology industries of the two countries.

When Biden makes such a decision, he is either completely dizzy, or he completely puts the interests of the party above the national interests of the United States, which is either stupid or bad.

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