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China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities (www.bloomberg.com)
submitted 2 years ago by to c/technology@beehaw.org
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A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.

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[–] 4 points 2 years ago (1 child)

Reminder that capitalism doesn't mean free market.

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  • [–] 1 point 2 years ago (1 child)

    That's part of it, even if that's not the only part.

    Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.

    Source: https://en.m.wikipedia.org/wiki/Capitalism

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  • [–] 1 point 2 years ago* (last edited 2 years ago)

    Sure, in the same way that a central characteristic of Communism is being a Stateless society, even though that part never seems to happen either (thanks, Lenin). "True Capitalism has never been tried before!"

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