China’s EV and Solar Boom Is a Capitalist Win for Communism

There’s a comforting but erroneous explanation for why your solar panels, home battery and electric car are increasingly likely to be made in China.

The economy is awash in easy money from state banks; its renewable manufacturers are undercutting rivals everywhere else in the world; ergo, China’s comparative advantage isn’t scale, cost efficiencies or innovative prowess, but the availability of cheap government subsidies.