Michigan’s $1 Billion EV Project With China Unlikely to Succeed: Journalist
The Michigan legislature approved a $1 billion spending plan on Oct. 5, with $846 million going to a Chinese company specializing in EV batteries, but it would be more beneficial to use these funds for local infrastructure, according to Charlie LeDuff, a Pulitzer prize-winning journalist.
LeDuff characterized the deal as corporate socialism, which he said is the government is picking who will win, who will be the source of manufacturing, and who will make a profit.
“This is a capitalistic society. No way in the world were workers ever supposed to guarantee the company the profit. … How is it that we the broke people whose kids can’t read are being sure that you’re making profit?” LeDuff said in an interview with NTD’s “China in Focus” on Oct 29….