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Posted 24 September 2012 - 00:18
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Posted 24 September 2012 - 06:29
The are worth so much now in cash..not just stocks right? I mean they have CASH in the vault. Even if the stock drops to nothing..they have BILLIONS in the bank for reserves unlike other companies.
Posted 24 September 2012 - 07:33
Can't argue with a bit of that. What is very sad is that all U.S. tech firms seems to employ the same strategy and that may shoot them in the foot one day. It makes very little sense to actively shift jobs away from the very consumers that are supposed to buy these dandy toys. One would think people employed in the tech industry would have some foresight, but that doesn't seem to be the case.
That's what happens when an American company employees people working in slave-like conditions in China to make their products rather than giving the jobs to people in their home country. By simply reducing their profit margin slightly they could still offer the same products at the same price and provide the US economy with much needed jobs, while improving brand image. Instead the slave factories they employ have to put up anti-suicide nets at all their facilities to prevent their workers from literally jumping to their deaths, while riots break out due to the oppressive treatment of "employees". Globalisation has allowed businesses to avoid all the legal safeguards required in their native country by exporting jobs to countries which race-to-the-bottom to provide the worst working conditions and lowest pay. No company needs a trillion dollars in the bank and in fact it gives them far too much influence.
Infinite growth with limited resources and a limited population is unsustainable. The economic model employed by most countries and businesses is completely unsustainable and creates a huge amount of suffering as economies boom and bust.