One of the fundamental fuckups of western capital is the constant drive to eliminating slack and overcapacity in systems. It turns out, having lots of extra capacity has been one of China’s huge competitive advantages. Being able to spin up production on a lot of extra unexpected demand puts them in the position to benefit from black swan events in a way that catches western capital flat-footed.
Turns out China is actually under producing solar panels
One of the fundamental fuckups of western capital is the constant drive to eliminating slack and overcapacity in systems. It turns out, having lots of extra capacity has been one of China’s huge competitive advantages. Being able to spin up production on a lot of extra unexpected demand puts them in the position to benefit from black swan events in a way that catches western capital flat-footed.
The Chinese just haven’t seen Moneyball yet.
But but but but they’re cheating!! Noo my free markets!!!
lol yeah