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Rivian Tore Apart A Xiaomi EV And Discovered What America Can’t Match | Carscoops (www.carscoops.com)
submitted 11 months ago by to c/technology@lemmy.world
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cross-posted from: https://lemmy.zip/post/51970309

Rivian’s CEO praised the Xiaomi EV’s design after a teardown.

RJ Scaringe said he’d buy the SU7 himself if he lived in China.

He called it a well-integrated, nicely executed technology platform.

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[–] -4 points 11 months ago (4 children)

China has a state controlled economy. No business persists unless allowed. That’s closer to a communist setup than a free market.

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  • [–] 16 points 11 months ago (1 child)

    Free markets are a myth. Every country on Earth regularly interferes in the market to align it with its interests; China just does it more. That's still not communism, because you can't have billionaires (or private property in general) under communism. China under Mao was communist, but under Xi? No way. The Chinese government exerts significant control over its economy, but the primary driver of economic growth is still the private sector. China isn't doing anything fundamentally different from what any Western capitalist state could do if they got their act together for five minutes.

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  • [–] -2 points 11 months ago

    I think the difference is in the breadth of control they can exert. US buying 10% stake in Intel, bailing out auto manufacturers, giving tax incentives to expedite select industries, etc.. are very similar to Chinese state control, but not identical.

    Fair assessment that’s it’s not a true communism, but it mimics the aftermath of a failed communism which is seen over and over, hence the reference.

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