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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] 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.