Dumping Lesson

The U.S. is crying foul over the alleged dumping of Chinese solar panels on the American market, claiming that it's an unfair commercial practice. Of course it is. But, dumping is nothing new on the world market. In fact, the U.S. has practiced it during decades in places such as Puerto Rico and the rest of Latin America. With an industrial production more than enough to satisfy its internal demand, the U.S. floods overseas markets with their goods at a price that undersells the local production at such a level as to eliminate it as competition. Once that is achieved, prices go up. Americans are very adept at this game. Of course, they don't like it when they are at the receiving end of the dumping.

I guess the Chinese, who are new to the capitalist game, are just doing what they learned from the Americans.