Another insightful commentary, though the first to make me yearn for an Italian sandwich. I do wo under if the tarrifs will help secure jobs in the EU and Mexico, though that might have happened anyway in the modern de-linking era.
I base my comment on a few key points. Firstly, Western governments pretend to guide the economy, but they are not. In contrast, China’s economy is based on the opposite approach, addressing the economy with stable and supported long-term plans. This stark difference is now glaring, and Western politicians see it as ashes in the eye.
Western car makers have been in China for decades, milking profits and flying thousands of meters above ground as if there were no end to the dream. Scores of managers, enjoying wonderful bonuses, failed to notice the avalanche coming. European and American politicians remained totally blind until the massive flow of EVs arrived from the Middle Kingdom. No lessons were learned until the last two years when a cold shower woke up all of the West.
Retaliation is the most wrong move; passive defense is an insurance policy for death. Instead of waking up and running to catch up with the advantages of Made-in-China, with EV cars being industrially cheaper due to their less complex components, the West pushes for more futile resistance against the yellow avalanche. Why didn’t they pump up support to European carmakers? Why didn’t they boost R&D for EV technology? It seems that in Brussels, they are more concerned about not losing a single vote than about the real future of the EU.
It is too late; the avalanche is already running fast towards us. The cultural differences nurtured by two totally different governing systems are now showing the weaknesses of the loser and the strengths of the winner. As the young woman behind the cash register in Florence said, "Europe is the owner. We are just here to help watch the money."
Another insightful commentary, though the first to make me yearn for an Italian sandwich. I do wo under if the tarrifs will help secure jobs in the EU and Mexico, though that might have happened anyway in the modern de-linking era.
Yes, I can understand, the sandwiches were absolutely delightful. Italy's secret superpower.
I base my comment on a few key points. Firstly, Western governments pretend to guide the economy, but they are not. In contrast, China’s economy is based on the opposite approach, addressing the economy with stable and supported long-term plans. This stark difference is now glaring, and Western politicians see it as ashes in the eye.
Western car makers have been in China for decades, milking profits and flying thousands of meters above ground as if there were no end to the dream. Scores of managers, enjoying wonderful bonuses, failed to notice the avalanche coming. European and American politicians remained totally blind until the massive flow of EVs arrived from the Middle Kingdom. No lessons were learned until the last two years when a cold shower woke up all of the West.
Retaliation is the most wrong move; passive defense is an insurance policy for death. Instead of waking up and running to catch up with the advantages of Made-in-China, with EV cars being industrially cheaper due to their less complex components, the West pushes for more futile resistance against the yellow avalanche. Why didn’t they pump up support to European carmakers? Why didn’t they boost R&D for EV technology? It seems that in Brussels, they are more concerned about not losing a single vote than about the real future of the EU.
It is too late; the avalanche is already running fast towards us. The cultural differences nurtured by two totally different governing systems are now showing the weaknesses of the loser and the strengths of the winner. As the young woman behind the cash register in Florence said, "Europe is the owner. We are just here to help watch the money."
It's visceral, makes for uncomfortable reading, and is brutally accurate Michael...