Double Haters, Peak Solar, Forced Treatment
Lost Debate
The Branch
4.6 • 607 Ratings
🗓️ 18 June 2024
⏱️ 56 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to The Lost Debate, a show for Politically Ecclectics. |
| 0:03.2 | I'm Ravi Gupta. In a bit, we will have a guest to talk about the issue of psychiatric treatment and involuntary commitment. |
| 0:11.4 | So stay tuned for that. It is a fascinating and terrifying conversation. |
| 0:15.7 | But as a standard nowadays, let's go through some items in the news. |
| 0:19.9 | Let's start with, there was this article in the economist about China's solar industry, |
| 0:23.8 | and I know this is a weird place to start, but I actually think this is a very much |
| 0:27.7 | underappreciated phenomenon. |
| 0:30.5 | And they talk about how solar module production capacity in China is almost five times now the rest of the world combined. |
| 0:39.5 | It's tripled since 2021. |
| 0:41.6 | Essentially, due to subsidies and, you know, just innovation, China is producing more |
| 0:46.7 | more solar capacity and it's getting really, really cheap, and it's driving global prices |
| 0:52.5 | down. |
| 0:52.9 | We're now at less than 10 cents per watt. |
| 0:56.3 | And actually, these panels and various components are often selling for less than it takes to make |
| 1:01.9 | them, which is obviously creating a lot of unprofitable companies. And so China's having to step in |
| 1:07.1 | and either subsidize their industry or let them fail. And once they start stepping in |
| 1:13.0 | and subsidizing, they are encountering allegations of anti-competitive behavior because if they're |
| 1:18.5 | subsidizing their industry, which they have been for a long time, that is creating unfair |
| 1:23.0 | competition with domestic manufacturers in places like the U.S. and EU. I will leave you with this |
| 1:29.0 | quote from the article. They say they talk about the state support for the industry in China, |
| 1:34.2 | and they say that support may dry up. Many of China's provinces are now struggling to service |
| 1:38.6 | their ballooning debts. Solar companies must also compete for government and large-est with firms |
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