'Biggest Untold Story in Tech': Explosive Book Reveals How Apple Sold Out America To China
Posted by freedomforall 2 weeks, 4 days ago to Business
Excerpt:
"“And so it’s this another layer of nuance that Apple is dependent on the very capabilities that it created. And I think this is like the biggest untold story in tech over the last 25 years. And like, my jaw was on the floor as I talked to 200 people and sort of unraveled it all. But I mean, some of the numbers— anytime you’re dealing with Apple, the numbers are just crazy. And so the two numbers that really stick out at me are that the number of people they have trained in China since 2008 is 28 million,” the Apple in China authored continued.”
“That’s larger than the labor force of California. And the investments they were making in China by 2015 were $55 billion a year. And that’s such a large number that I couldn’t find any corporate equivalent,” he added. “I had to go to nation-building efforts, and I took the Marshall Plan, the most famous nation-building effort ever, converted it to 2015 dollars, and you realize that Apple’s investing in China twice that of the annual spend of the Marshall Plan. And the Marshall Plan was for 16 countries.”"
"“And so it’s this another layer of nuance that Apple is dependent on the very capabilities that it created. And I think this is like the biggest untold story in tech over the last 25 years. And like, my jaw was on the floor as I talked to 200 people and sort of unraveled it all. But I mean, some of the numbers— anytime you’re dealing with Apple, the numbers are just crazy. And so the two numbers that really stick out at me are that the number of people they have trained in China since 2008 is 28 million,” the Apple in China authored continued.”
“That’s larger than the labor force of California. And the investments they were making in China by 2015 were $55 billion a year. And that’s such a large number that I couldn’t find any corporate equivalent,” he added. “I had to go to nation-building efforts, and I took the Marshall Plan, the most famous nation-building effort ever, converted it to 2015 dollars, and you realize that Apple’s investing in China twice that of the annual spend of the Marshall Plan. And the Marshall Plan was for 16 countries.”"
Disclosure: I own and use Apple products. For decades and it's way too expensive and a PITA to change now.
We should get RID of the minimum wage and let the migrants work for whatever they can be gotten for. As long as the usa is not a competitive place to make things, they wont be made here
The point here is: China competes with the US by using what is essentially SLAVE LABOR. You would think their companies would compete for workers and pay a fair wage, but remember that theirs is a Communist system and a FAKE private-enterprise system. By law, every corporation in China is owned at least 51%, and controlled by the CCP.
If the US is not competitive, it's because we are competing against SLAVE LABOR. And by making China a "Most Favored Trading Nation" in 1994, Bill Clinton made sure that we have to allow their "companies" to compete with ours and undercut them.
Most Chinese that produce stuff in factories are actually paid. If that wasn't the case, we would definitely hear about it. Actually, there are instances of factory operators refusing to pay employees, but again, that affects a small fraction of workers.
The only question that remains is whether or not they are underpaid, by how much, and what causes them to voluntarily work for such a low wage.
I will agree with the assertion that Chineese workers are underpaid, however, you can't cheat too effectively in a global free market. So, even if China underpays their workers, they must either get something else in return (technology transfer) or their oligarchs would be keeping the difference. So, the price is actually right to Americans. Apple payment to Chineese is small USD amount plus the technology transfer.
Regarding lack of regulation and pollution: China suffers from that. Americans don't want pollution and other issues like that, hence the regulations. I guess some of the regulations might be harmful though, so, I would agree to get rid of some of them. The other beneficial regulations can be removed but should be replaced by lawsuits. If some fucker's factory pollutes my property, he is going have to pay restitution. In China, you apparently can't do that. So, there is absolutely no excuse for pollution. Polluter (in a sane society) will have to pay back for damage (go out of business and have all their assets ceased, including their life if assets are not enough). So, the price will rise anyway even without regulations. The reason why it doesn't in China is they want the technology transfer and they are willing to pay dearly for it.
So, what I've just done is mostly disproven all you guy's arguments why Chinese goods are cheap. They are not. You are just not seeing the whole picture.
The ultimate question is, why is Apple willing to do business with China and, when stopped, why do they go to India?
Answer: It is Americans' fault.
American population is arrogant to the extreme. It seems nobody understand the mechanics of currency printing, specifically the world reserve currency printing, and the mechanics of spending this newly printed currency not evenly world-wide but DUMPING this currency inside one country (USA). When this happens, labor costs go up in that country greatly versus the rest of the world. THIS is why Apple doesn't want to hire Americans. They are overcharging. Also, American labor has no choice but overcharge. They will have to live out of their cars if they don't. Some already do. And what got them to this place is voting for government handouts and massive government spending. Not only government parasites are at fault here, but also the masses themselves.
By the way, if you don't think the above mechanism works like I describe, look at what happened during the Spanish Price Revolution when all that gold got imported into Spain.
You did it to yourselves mostly. I am no fan of China, but I find it halarious how Americans keep hurting themselves, yet can't understand this and keep trying to find somebody else to blame.
But I've never bought into the apple cult, nor become addicted to a phone.
The iphone was a gift and I have always preferred being able to choose from many
economical options in computer hardware which Apple OS would not allow.
I do regret not investing in the stock in 2000 though. ;^)