cannibalizing production in Europe
I don’t think that’s what cannibalization by a company is; when KFC canceled their double down because it was cannibalizing sales of their chicken pieces, that was cannibalization because it was one product taking over the sale of another by the same company; beating other companies at what they do is just what happens in a free market.
Chinese imports cannibalizing production in Europe
That’s not cannibalism, figurative or literal.
It is if you’re so colonialist that you consider China’s factories to be European
Ah it’s the same megacorp producing elsewhere cutting on sales of same megacorp produced local, ok I get the use of the word
Oh right okay makes more sense now
Literally just “winning” at the stupid competitive markets game
lol “fuck the meaning just make it sound spooky!” 👻
That says “critics warn” and they do do that a lot. The FT doesn’t really have the kind of anti-china slant that those critics do honestly, their audience is basically people so wealthy national states don’t particularly concern them and if there’s money to be made in china that’s fine. I mean look at this:
Give me tiny electric truck dammit!
Oh, now capitalism can see second order consequences and externalities?
No, but they can pretend they do when it’s politically expedient
