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China attacks Apple for allowing Hong Kong crowdsourced police activity app

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Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#52
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

The problem is that most people would need to look in the mirror. Do you have a 401k? Do you plan on having a retirement? Then infinite growth needs to be a thing, otherwise that 7-9% a year that people think they are "guaranteed" from index funds would evaporate. If people couldn't make money off of passive investments it would turn the entire economy upside down.

to be fair, pension indexed to market rates are such a stupid idea; i'm glad most of europe didn't buy the idea - and they kept using the old model.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#53
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

That's absolutely right. The toxic and relentless push for infinite growth pairs really well with the dreamy promise of infinite untapped market potential in China. I really wish even the greediest of investors and shareholders in general to finally wake up that this dream will never materialise. Even if you get to China you'll quickly find out there are a lot of strings attached if you want your "infinite growth" --…

You're thinking of it wrong, it's not infinite growth investors are after. They are after easy and fast growth.

Infinite growth is useless on a mortal timescale. Easy and fast growth is where it's at and places like China offer tons of it.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#54
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

>Infinite corporate growth,

That assumption is not necessary. Economies of scale and network effects are important. Platform companies can be crippled relative to competition if they are cut from large markets even if the markets are finite.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#55
post #5

Apple will most likely be fine because it's unlike any other western company operating in China in that it employs a lot of people assembling their products. It's not in the CCP's interest for people to boycott Apple in a nationalist fervor only for unemployment to rise, which would be an existential threat to the CCP if they lost control of.

So I googled and saw that there's 4.8 Million apple employees in China? More than i expected when I started the Google search. With that said, is that enough for China to care at all? a little? a lot? Meaning, I wouldn't be surprised if China would forgo plenty of jobs from Western companies as their economy matures. Especially if China fully boycotted Apple, I doubt many other US Companies would respond at all Many…

Not sure what Google you use, but Apple has about 123.000 employees in total.

Edit: according to Wiki, the US DoD is the largest employer in the world at 2.1M employees.https://en.m.wikipedia.org/wiki/List_of_largest_employers

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#56
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

[deleted]

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#57
post #7

Western companies have been bending blatantly a little too low to save assets and market shares in China. With trade war, human rights abuse in Xinjiang, and Hong Kong protest, this is probably a good chance for the West to stand against China's invasion.

It is not just a Chinese event though: https://www.cnet.com/news/cameron-considers-blocking-twitter... http://edition.cnn.com/2011/TECH/social.media/08/11/london.r... https://www.smh.com.au/technology/london-riot-social-media-b...

The Internet has finally brought the world together, and people are now at scale discovering that people in other parts of the world really are different, beyond just what clothes they wear and what food they eat. That's proving to be a shock to nearly everybody. It was always something you could ignore in the past.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#58
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

It is a mortal necessity. If you don't take China's money then someone else will and eventually they will be bigger and able to take you out on the global marketplace.

Either you want globalism or you don't. This is the problem with globalism too, not everyone wants to play by your rules and sometimes they're big enough to tell you to pound sand... which is exactly what China is doing.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#59

Earlier quoted context omitted.

That's absolutely right. The toxic and relentless push for infinite growth pairs really well with the dreamy promise of infinite untapped market potential in China. I really wish even the greediest of investors and shareholders in general to finally wake up that this dream will never materialise. Even if you get to China you'll quickly find out there are a lot of strings attached if you want your "infinite growth" --…

You're thinking of it wrong, it's not infinite growth investors are after. They are after easy and fast growth. Infinite growth is useless on a mortal timescale. Easy and fast growth is where it's at and places like China offer tons of it.

We are saying the same thing with different words. But I do question if China really offers tons of easy and fast growth.

Re: China attacks Apple for allowing Hong Kong crowdsourced police activity app

#60
post #18

The China market is often framed as a mortal necessity for companies that have no more room to grow stateside. What we forget is that this assumes infinite corporate growth, which is literally impossible, despite being demanded by shareholders. We need to drop this notion that every single year has to result in growth. Corporations no longer have the option of settling into a market segment and developing a harmoniou…

We are at a point where society has pushed society/people past their limits in the chase for growth. We are so hungry for growth that we have destroyed the environment to fuel our products, squeezed every last drop of our workers, and have now resorted to selling out our freedoms. And after all of this, most of us are still unable to secure a stable future due to high housing, healthcare, and living costs. Essentially we are at the point where we are just trampling over each other to survive.
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