Yellen was stumped by the question: Is it possible we’re just being outcompeted by the Chinese in those (electric vehicles, batteries, all of those things.)
our innocent subsidies to encourage growth and strength in specific industries vs their wicked unfair subsidies to encourage world domination in all industries
anyone have a link to h clinton saying more or less the same thing? it was a short clip and she said "china's not fair, china's not playing by the rules" or along those lines
But this is exactly what capital asked for and demanded of the working people of the world. This is the development of the world imperialist system according to its own logic. Due to the incredible waste bound up by the first world minority and their lack of relative productivity, Western industry is becoming uncompetitive. Thus, the working majority of the third world is being asked to do/pay more to achieve what capital in the first world, with global financial, economic and political support, has failed to achieve. And China has done so, delivered and achieved what capital in the first world could not. And now capital wants to "punish" China for doing what they explicitly asked of them! It's ridiculous.