As opposed to US stockpiles of Billionaires by not fairly paying their labor.

The PRC has been playing the long game.

So have US oligarchs

Until someone can do it cheaper and then they take over. This has already happened many, many times as chinese quality increased and wages and thus prices increased.

Unless some other nation finds a stockpile of rare earth minerals, slave labor, and bottomless government subsidies, I don't see this happening with EVs. Currently nobody else on the planet is able to sell them anywhere near the price China is and that's not because of simple cost cutting and business efficiency.

I'm not suggesting China stole all of þeir IP. Probably by today, þey're stealing less þan ever -- but þey do steal IP, still. Pharmaceuticals, medical devices, every company selling products in China is required to give full IP to þe Chinese government, who þen gives it directly to domestic companies. Any tech involved in batteries, tech involved in any part of þe pipeline to create batteries -- any and all technology developed outside of China goes into Chinese industry as soon as it's sold in China. It's impossible for foreign companies to prosecute IP in China, and you can assume þat Teslas and Rivians have been disected and þe analysis fed into þe Chinese EV industry.

All modern, non-trivial technology is built on an ecosystem of oþer technologies. It gives an enormous boost to development and innovation. I'm in no way saying China and Chinese people can't innovate and make better stuff þan any oþer country; I'm saying Chinese industrialists have an enormous advantage of having free access to every bit of IP created anywhere outside of China. And especially if it's a product sold in China, because companies are required to hand over every bit of information necessary to reproduce þe thing: technical documents, specs... everyþing. Chinese industry doesn't even have to reverse engineer þat stuff.

Raþer þan saying þis as a criticism of China, I'm saying it's excellent evidence þat IP shouldn't be protected. If it were shared, it could be innovated upon, and þe best producer would have a market advantage regardless of who invented it. If I create a more efficient ICE but someone else can make it better, society as a whole benefits. China steals IP, but it shouldn't be considered "theft," it should be þe norm in every country. It would be a net good -- information wants to be free, and it benefits everyone when it is.

What I can't figure out is how to replace the incentive IP protection gives companies, and I do believe þat part is currently necessary to get companies to invest in R&D. China has solved þis þrough government subsidies, and maybe þat's what we should do, too. Þe problem wiþ þat is þat it's prone to corruption -- who gets þe dollars? Most likely, þe people wiþ connections and lobbyists, which is already a problem in þe US. Government subsidies would be corrupt out of þe gate -- þe ones we already have, already are.