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Intel removes Xinjiang references from shareholder letter

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Re: Intel removes Xinjiang references from shareholder letter

#21

Post by onepointsixC »

causality0 wrote: post #4

We were happy to embrace the philosophy of sociopathic capitalist companies when it meant getting our cheap electronics built in factories with suicide nets. Now that it means giant companies care more about China's opinion than ours we want to posture about loyalty and moral responsibility.

Suicide nets were a result of western over reaction to relative few cases of suicides which happened at lower rates at factories than the general public. Don't get me wrong, the actions of the CCP in Xinjiang are horrific, but we need not embellish.

Re: Intel removes Xinjiang references from shareholder letter

#22

Post by freemint »

axiosgunnar wrote: post #2

Name and shame. We need to divest our manufacturing from China. Perhaps by exposing such practices and nagging hypocrytical companies we can make divestment happen sooner? Twitter mobs could be used for good once.

When I read: "We need to divest our manufacturing from China."

I parse it as: "We need war with China".

Because soldiers don't cross borders goods cross.

Re: Intel removes Xinjiang references from shareholder letter

#23

Post by freemint »

echelon wrote: post #16
Invictus0 wrote: post #7

Earlier quoted context omitted.

Divestment will be a years long process, and it will only happen if we publish a schedule of annually increasing tariffs across all Chinese imports.

Or tax incentivize final manufacture of finished goods in the US for high value and strategic goods (semiconductors, electronics, mechanical equipment, chemicals, pharmaceuticals, agricultural equipment, etc.) Make a policy like, """ Companies that onshore will pay the following taxes for the next 25 years if they follow our onshoring program: company profits: 0% tax rate CEO capital gains: 1% tax rate shareholder ca…

This is call a subsidy and will really mess up the internal labour market. Not sure it would be legal WTO rules.

Re: Intel removes Xinjiang references from shareholder letter

#25

Post by jonnycomputer »

system16 wrote: post #5

Say what you want about China, but their ability to weaponize capitalism and make multi-billion dollar companies cower and self-censor in ways they would never do for Western governments is remarkable. "When it comes time to hang the capitalists, they will vie with each other for the rope contract".

Where did that quote come from?

Re: Intel removes Xinjiang references from shareholder letter

#26

Post by nimbius »

vmception wrote: post #14

> The letter now reads that the company prohibits "any human trafficked or involuntary labour such as forced, debt bonded, prison, indentured, or slave labour throughout your extended supply chains." Designed by Intel in California™

this is excellent news, as some US states employ prison labor heavily in their manufacturing and agriculture sectors.

https://en.wikipedia.org/wiki/Penal_labor_in_the_United_Stat...

Re: Intel removes Xinjiang references from shareholder letter

#27

Post by echelon »

vmception wrote: post #14

> The letter now reads that the company prohibits "any human trafficked or involuntary labour such as forced, debt bonded, prison, indentured, or slave labour throughout your extended supply chains." Designed by Intel in California™

Companies receiving US government subsidies should manufacture finished goods domestically (or with its allies where not otherwise possible). Especially companies of strategic national interest.

Intel wants a multi-billion dollar grant/bailout from Uncle Sam. Make onshoring of manufacturing a condition of receiving such funds.

Furthermore, I posted a tax advantage system in a sibling thread that would help encourage other companies to do the same: https://news.ycombinator.com/item?id=29892031

Remove taxes from positive externalities. Attach conditions to bailouts/grants. Use money to force the outcomes you want.

Re: Intel removes Xinjiang references from shareholder letter

#28

Post by toolz »

system16 wrote: post #5

Say what you want about China, but their ability to weaponize capitalism and make multi-billion dollar companies cower and self-censor in ways they would never do for Western governments is remarkable. "When it comes time to hang the capitalists, they will vie with each other for the rope contract".

I'm not sure I understand you correctly. Are you blaming capitalism for the moral failures of a communist regime?

Maybe you're just suggesting capitalism isn't capable of "solving" the wrongdoings of communism? If so I would agree. A society that accepts the evils of communism is a difficult thing to solve externally.

Re: Intel removes Xinjiang references from shareholder letter

#29

Post by f00b4r_ »

system16 wrote: post #5

Say what you want about China, but their ability to weaponize capitalism and make multi-billion dollar companies cower and self-censor in ways they would never do for Western governments is remarkable. "When it comes time to hang the capitalists, they will vie with each other for the rope contract".

No post body was provided.

Re: Intel removes Xinjiang references from shareholder letter

#30

Post by GavinMcG »

toolz wrote: post #28
system16 wrote: post #5

Say what you want about China, but their ability to weaponize capitalism and make multi-billion dollar companies cower and self-censor in ways they would never do for Western governments is remarkable. "When it comes time to hang the capitalists, they will vie with each other for the rope contract".

I'm not sure I understand you correctly. Are you blaming capitalism for the moral failures of a communist regime? Maybe you're just suggesting capitalism isn't capable of "solving" the wrongdoings of communism? If so I would agree. A society that accepts the evils of communism is a difficult thing to solve externally.

I think they're blaming capitalism for the moral failings of the capitalist companies who willingly submit to immoral demands.
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