Because unlike China, we like publicly funding private enterprises without receiving any ownership. πββοΈ
this post was submitted on 15 Aug 2024
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Itβs not just China
The US received ownership when they bailed out companies in 2008. They just sold it to recoup the investment instead of controlling the company
True but that was the exception to the rule. Most subsidies are given without any ownership stakes in return.
subsidies to private enterprise are just another name for corruption.
Goodyear Canada is set to invest more than half a billion dollars to expand and modernize its tire plant in southeastern Ontario, with the goal of making the plant net-zero in less than two decades.
Car tires will not help us achieve net zero. EVs will marginally help but we achieve net zero with walkable/bikeable cities and improving our public transit infrastructure to be the fastest and most convenient option.