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Former GM Executive: BYD cars are good in terms of design, features, price, quality. If we let BYD into the U.S. market, it could end up destroying american manufacturers (www.nytimes.com)

submitted 1 day ago* (last edited 1 day ago) by Davriellelouna@lemmy.world to c/technology@lemmy.world

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[–] rottingleaf@lemmy.world 1 points 11 hours ago* (last edited 11 hours ago)

It will. It really does regulate itself, no /s needed.

Except that happens via some businesses going bankrupt and some adjusting.

And either it's free enough for monopolies to crash, or regulated enough for monopolies to be killed, or both.

If it's neither, then you have today's tech industry.

EDIT: And here the fears are that big companies will go down with their shareholders whining and their political cronies suffering and so on. Whether you want free market or literal socialism, the main problem is in separating private narrow interests from the state machine.