> but offshoring and financialization enabled American companies like Apple to retain a much larger chunk of profits and return more wealth to shareholders, who in turn recycled that money back into American assets, lowered cost of capital, raised valuations, funded startups that raised tech salaries and pulled global talent at the expense of other countries
So trickle down, but it only helps a small number of people in a handful of coastal cities? And imports people into the US to then take work from citizens?
And even that is no longer really happening (except for the importing people to take work from citizens), and hasn't for a few years now (not sure if you've seen the tech job market at the moment). Yes, there was a brief period of time that a few technologists were making 6 figures starting..
Apple has a 21% global smartphone market share. If the US has an unhealthy dependency on a single smartphone manufacturer, then perhaps something should be done about that?
If Apple truly has become a critical part of the nation's infrastructure and is "too big to fail", then why hasn't it been nationalized yet? The nation's safety depends on it!
So trickle down, but it only helps a small number of people in a handful of coastal cities? And imports people into the US to then take work from citizens?
And even that is no longer really happening (except for the importing people to take work from citizens), and hasn't for a few years now (not sure if you've seen the tech job market at the moment). Yes, there was a brief period of time that a few technologists were making 6 figures starting..
Ban iPhone imports for 6 months and see if it only helps a "small number of people in a handful of coastal cities"
If Apple truly has become a critical part of the nation's infrastructure and is "too big to fail", then why hasn't it been nationalized yet? The nation's safety depends on it!