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China solar industry faces shakeout, but rock-bottom prices to persist (www.reuters.com)

submitted 6 months ago by [email protected] to c/[email protected]

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According to Reuters, the fact that China is producing cheap solar panels that are helping the world transition from fossil fuels is bad actually.

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[+] [email protected] -9 points 6 months ago (5 children)

At the risk of another ban 'with some module-only manufacturers taking orders at negative margins to preserve market share'

Cheap solar is good, government subsidized monopolies are not.

[–] [email protected] 16 points 6 months ago

State industry is very good actually.

[–] [email protected] 15 points 6 months ago

It is, as China repeatedly keeps showing.

...and pretty much every single developed country in the world that have gotten there through state investment and subsidies.

[–] [email protected] 14 points 6 months ago

What's wrong with state funding of green energy? Not only that, but helping the rest of the world to become less reliant on fossil fuels?

[–] [email protected] 10 points 6 months ago

You mean...

Tesla? No, sorry, must have been Ford/GM.

Oh, my bad, Intel.

TSMC?

No? Oh. So it's only other governments subsidizing domestic businesses that's bad.

[–] [email protected] 8 points 6 months ago

Subsidized monopolies are the dominant form of monopoly and oligopoly in the USA and Europe. Go look up how many billions in subsidies the USA provides to industries with only 3 dominant players, from fossil fuels to cars to phone companies to internet companies to cable companies to publishers to food conglomerates.