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Cake day: July 16th, 2023

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  • Chinese constructors indeed told this plan, I’ve seen the interviews, they’ve been following it exactly and got the results they were after. We knew this 10 years ago. There should not be any surprise.

    We knew the Western manufacturers would deny, delay and lobby against this to keep shareholder value up, to cry foul when sales take a hit and they did not disappoint. It’s the classic market disruption, something we’ve seen many times in history, but now on the losing side. Again, no surprise.

    Capitalism has a fatal flaw with long term planning and it’s been exploited masterfully by China. Actually China had plans to uproot the entire fossil fuel sector and replace it with their renewables, so hold on for a lot more drama.