Tesla is cutting the price of its cars in China as Elon Musk’s electric car company faces fierce competition from local rivals in its second-biggest market.
This is why the whole free market capitalism thing actually works.
Sure, world’s richest man, Elon Musk, wants to gouge as much as he can out of the Chinee. That’s the capitalism bit. What constrains his ability to do so is the competition bit – that’s the free mart of the free market thing, that people are free to enter the market.
Monopoly capitalism (and no, that’s not actually what Marx was talking about, he meant, in modern language, monopsony capitalism) would be pretty dreadful, it’s that combination with markets that makes it the best system so far.