Sunday, January 29, 2012

A modern corporation

Apple: made in China, untaxed profits kept offshore, David Gewirtz, ZDNet Government:
"It’s been a banner week for Apple. With Apple’s announcement of Q1 2012 results, the company is now apparently worth more than Greece.

"In the same week, the President of the United States invoked the late Steve Jobs and Apple in his Congressionally-mandated State of the Union address.

"...certainly Apple has created a lot of jobs over the years. But today, most of the jobs created by Apple are not American jobs, they’re sweatshop-style jobs for miserable, overworked workers in China.

"...Apple no longer builds its own devices. There was a time when Apple computers were actually manufactured in the United States. Today, Apple products are built in China. Foxconn City has 230,000 people working to make iPhones and iPads — and Presidential candidate Rick Santorum claims more than 500,000 people build Apple products in China..."
Summary: About two-thirds of Apple’s $97.6 billion cash pile is offshore. That’s a lot of money for an American company to keep outside of America.


In China, Human Costs Are Built Into an iPad
By CHARLES DUHIGG and DAVID BARBOZA, New York Times
Published: January 25, 2012
"...Employees work excessive overtime, in some cases seven days a week, and live in crowded dorms. Some say they stand so long that their legs swell until they can hardly walk. Under-age workers have helped build Apple’s products, and the company’s suppliers have improperly disposed of hazardous waste and falsified records, according to company reports and advocacy groups that, within China, are often considered reliable, independent monitors.

"More troubling, the groups say, is some suppliers’ disregard for workers’ health..."


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2 comments:

  1. What a world we live in Norman! Seems we cannot use a product nowadays that doesn't beat our brothers in developing nations to death. And we are generally so unaware of this. Time for global change ...and it's comning... in a massive wave. The next two years will be a rebirth.

    ReplyDelete
  2. The Chinese will put up with whatever we say about their standards as long as we keep sending them our money. The mega corporations will continue to exploit countries with cheap labour and no labour standards as long as we keep buying their products.

    The solution is for us to quit buying their products.

    ReplyDelete

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