China attacks Apple for allowing Hong Kong crowdsourced police activity app

Post by _bxg1 » Wed, Oct 09, 2019, 5:56 PM UTC

oceanplexian wrote: post #38

_bxg1 wrote: 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.

Post by _bxg1 » Wed, Oct 09, 2019, 5:59 PM UTC

meddlepal wrote: post #58

_bxg1 wrote: 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.

Post by braythwayt » Wed, Oct 09, 2019, 6:01 PM UTC

Scramblejams wrote: post #77

Despegar wrote: 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.

I doubt it. This is just, like, my opinion, man, but I think the Chinese would walk away from any company in the world in an instant if it suits their security needs. If their economic ministry is doing its job then they will have detailed contingency plans to address the loss of any of their major foreign benefactors, and if required those jobs can be replaced with state handouts, at least until the crisis passes. I…

Post by La1n » Wed, Oct 09, 2019, 6:05 PM UTC

reaperducer wrote: post #71

moggie2 wrote: post #67

Title is kinda misleading. A more accurate but longer one is like 'China state media journalist accused Apple approving app that aid violent protesters from evading police" Which similarly, it also happens on the other part of the world? E.g) US? https://www.nytimes.com/2019/02/06/nyregion/waze-nypd-locati... https://www.npr.org/sections/thetwo-way/2015/01/28/382013185...

It's not surprising that two different organizations would have two different headlines. That's common sense, not a conspiracy.

Post by secraetomani » Wed, Oct 09, 2019, 6:06 PM UTC

moggie2 wrote: post #67

Title is kinda misleading. A more accurate but longer one is like 'China state media journalist accused Apple approving app that aid violent protesters from evading police" Which similarly, it also happens on the other part of the world? E.g) US? https://www.nytimes.com/2019/02/06/nyregion/waze-nypd-locati... https://www.npr.org/sections/thetwo-way/2015/01/28/382013185...