Anyone who spreads fear of the Coda cannot be a friend of capitalism. Capitalism thrives on competition, and what the haters are saying is that America can only win if we give ourselves uncompetitive advantages that would never exist in a truly free market.
Greg Autry and Peter Navarro wrote:
...[The Coda's] entire chassis and battery system and most of the metal (apparently 65% of the car) come from China's factory floors, which are not known for their high labor standards.
In a truly free market, labor standards would be determined by the free market rather than by legislative fiat anyway. Chinese labor has shown that it hungers for these manufacturing jobs more than American labor, which has grown lazy and entitled. A truly competitive American labor market would be willing to make the same sacrifices its Chinese counterpart already has: namely, lowering its squeamish limits on exposure to carcinogens, risk of loss to life and limb, and hours worked. China is willing to clog its cities' skies with smog to be competitive; America should be willing to do the same if it believes in capitalism. American workers should stop whining to their labor unions and bloated nanny state.
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Taxpayers should be outraged because the Coda is eligible for the combined federal and state tax rebates on electric vehicles of $10,000 a vehicle....
What's good for the goose is good for the gander. I am outraged—but because subsidies and tariffs are tools of a protectionist nanny state rather than a truly free market.
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This state-owned enterprise supplies China's aggressively expanding military....
Yes, and haven't many red-blooded American corporations supplied technologies to support the "Great Firewall of China"? Clearly, Chinese authoritarianism is simply a lucrative tit from which to suckle.
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Finally, another Coda enterprise adds insult to injury: a planned Ohio battery factory to be built with more than half a billion in U.S. taxpayer stimulus bucks, including an Energy Department loan and incentives from the state of Ohio and the city of Columbus. Great, except that a Chinese-dominated joint venture with Tianjin Lishen Battery will really own it. That's an enormously expensive way to create "up to" 1,000 jobs, with potential millions in profits shipped back to China.
When you let the state determine the winners and losers, you've already lost. Lesson learned: Let the free market decide.