The Senile-ocracy under which we are forced to live for a while is going to cost the US a lot; probably at least as much as the Clinton/Bush warm and wet embrace of Red China. Remember that? When Briggs and Stratton, Chrysler, Apple, and hundreds of other US manufacturers opened plants in Red China and FIRED all the people at their US plants. After all, Red China (and Mexico) don't have all those silly things like Social Security, OSHA, health insurance plans, EPA, paid vacations, local tax and zoning problems, and fleets of lawyers to make life miserable. But the Globaloney Gang at the Wall Street Journal convinced themselves that it was ONLY the "cost of labor" that killed US manufacturing.
Good times. Good times.
Well--it's happening again!!
We have been closely monitoring the signs of a global cleaving around the energy sector taking place. Essentially, western governments’ following the “Build Back Better” climate change agenda which stops using coal, oil and gas to power their economic engine, while the rest of the growing economic world continues using the more efficient and traditional forms of energy to power their economies....
So 'the rest of the world' relies on cheap, reliable, electricity? YES.
Then what?
Fiat parent Stellantis (STLA.MI) has concluded it can’t currently make affordable electric vehicles (EVs) in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters.
If India, with its low-cost supplier base, is able to meet the company’s quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.
“So far, Europe is unable to make affordable EVs. So the big opportunity for India would be to be able to sell EV compact cars at an affordable price, protecting profitability,” Tavares told reporters at a media roundtable in India late on Wednesday....
It's not only the enormous price- and reliability-issues, of course. India is not burdened by the problems mentioned above, either--at least to the degree that Europe and the US are.
It may be a problem for you to pay the electric bill if you don't have a job. Be sure to contact the WEF about that. They'll tell you that you've been Built Back Better and please shut up and die.
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