Topic: On Apple's $200 billion dump and US shooting itself in the foot - page 3. (Read 607 times)

US and China are in many ways two faces of the same coin. The circumstances were different so they went on different paths of different types of dictatorship. Otherwise under same circumstances they would do exactly the same thing!

For example these days both regimes are preventing capital from exiting their country by banning any company that wishes to do so or if they insist the government bankrupts the hell out of them. China is doing it to its investment companies like those involved in real estate, US is doing it to a lot of companies including investment firms like BlackRock.
The difference is that China never claimed to be a "liberal economy or country" but US did

A couple of decades ago US economy was big and strong so they introduced strong laws against Child labor.
A couple of decades ago Chinese economy was tiny and weak so they introduced sweatshops with child (cheap) workers.
Today US economy is weakening and over the past couple of years the child labor laws in US are getting "looser" and American sweatshop are the expected reality as the violations are already up 300% according to the U.S. Department of Labor and that's the illegal cases, they are basically legalizing a lot of it so that they can get more minors (cheap labor) into their sweatshops and keep production alive for a little longer!

Both China and the US are bullies not just against other countries but also against their very own people. It's certainly less severe in the US, but that it's done against a people for whom liberty is paramount, it has much more tremendous effects.

It is a couple of days old but it is new and I wouldn't call it "great news", it's just one of the changes in the current chaotic world. Not to mention that China is not that different from US.

https://www.businessinsider.com/apple-200-billion-drop-sign-post-us-tech-future-near-2023-9

The biggest mistake any decision makers in any country can make these days is not realizing the World Order has already changed and to fail to adapt to the New World Order as quickly as possible.

The most obvious example in United States that is still clinging to the Old World Order, desperately trying to remain the solo hegemony in today's multi-polar world.
Of course this change didn't happen overnight, the World Order has been transitioning for many years while many have been pushing US over the edge and down to the pit. But in my opinion the last nails in that coffin were put there by the US regime itself and out of pure stupidity, specially in the previous two administrations.

For example take the trade war with China that started on January 2018. Before that the Chinese companies didn't feel threatened enough to ever bother to start R&D of high tech stuff since they could freely import them from US manufacturers. So China remained dependent on United States.
But as the US regime kept "sanctioning" China, China started going domestic. Now for example the Chinese smart phone companies are manufacturing microchips (that they used to import) domestically.

Here is the problem, this move not only creates a serious and super cheap competition in global markets against American products that can easily replace them and devastate those companies, but also it now gives China the capability to strike back which brings us to the recent "sanctions" China placed on US, restricting usage of iPhones in China. The result? Apple got dumped $200 billion in a blinking of a eye.
It doesn't stop there, we have already seen over the past year+ the worsening US recession is also hurting the Silicon Valley and the tech sector as its first and biggest victim with banks that keep on collapsing.

This signals the start of a new era where tech giants are no longer going to be American. Meanwhile tech is not the only field and China is not the only country US keeps sanctioning...

I agree that competition will bring USA down a bit, but I doubt that it would be anything that would be too sustainable and long term. Maybe Apple will not make as much money as it used to, but that doesn't make them any less powerful, nor any other USA based company that was already big. This makes them smaller, but still bigger than most. If you want to buy a phone today, and you have enough money to buy anything you want, would you buy a Chinese phone, or Apple? They are just a cheap alternative to people who can't afford apple, and even with that way too many people still prefer Apple even if that means they go into debt. I think its a thing that's happening right now, but not as big as what it seems.

The first steop in solving any problem is recognizing there is one - America is not the greatest country in the world anymore.

It's typical of you to only take out a small point in a whole topic and try to change the subject.
You have forgotten that 7 months ago in the topic about "Economic implications of a US-China-Taiwan conflict" all the arguments were China's inability to build any decent microchips and some even suggested that there is to "engineering talent" in China to do so.
Now that China is manufacturing high tech chips, of course you want to focus on Apple...

It is very "logical" to pass off the problem of a single, individual PRIVATE company, at the expense of regulatory bans, and think it is a US problem

Come up with a hypothesis that if China bans its people from using it and stops companies from manufacturing in their country, Apple cannot die. They only lost part of it. That means they are challenging America.

You have shared great news, but I doubt if it is new. I mean, of course, the news is of September 9, but what I meant here is the riot between China and the US. China has banned the usage of a lot of US products and ad services in its country, like social media apps. We cannot access YouTube, WhatsApp, etc. directly. Even if they have their own search engine, I think that's Baidu.

I said in the first line that the news might be old because one of my professors told us a few days ago that China has not allowed the usage of iPhones there. That's why I thought it might be old, but maybe the ban is from way back when, but the data released yesterday about how much they lost

Well, coming back to the losses, I do not really think the US will suffocate from such losses. I mean, that's not that big, but yeah, I totally agree with your point that the US is not the only tech nation here. But sometimes I wonder if the biggest wonders, like all the domains, are mentioned by them. They knew almost everything (in some conditions) one was searching for. We are basically using their product, knowingly or unknowingly. I always wonder, as a citizen of my country, if we could make some cool innovations that would make us independent of them. But I am not a good developer, and I hope someone else will do it.

https://www.businessinsider.com/apple-200-billion-drop-sign-post-us-tech-future-near-2023-9

The biggest mistake any decision makers in any country can make these days is not realizing the World Order has already changed and to fail to adapt to the New World Order as quickly as possible.

The most obvious example in United States that is still clinging to the Old World Order, desperately trying to remain the solo hegemony in today's multi-polar world.
Of course this change didn't happen overnight, the World Order has been transitioning for many years while many have been pushing US over the edge and down to the pit. But in my opinion the last nails in that coffin were put there by the US regime itself and out of pure stupidity, specially in the previous two administrations.

For example take the trade war with China that started on January 2018. Before that the Chinese companies didn't feel threatened enough to ever bother to start R&D of high tech stuff since they could freely import them from US manufacturers. So China remained dependent on United States.
But as the US regime kept "sanctioning" China, China started going domestic. Now for example the Chinese smart phone companies are manufacturing microchips (that they used to import) domestically.

Here is the problem, this move not only creates a serious and super cheap competition in global markets against American products that can easily replace them and devastate those companies, but also it now gives China the capability to strike back which brings us to the recent "sanctions" China placed on US, restricting usage of iPhones in China. The result? Apple got dumped $200 billion in a blinking of a eye.
It doesn't stop there, we have already seen over the past year+ the worsening US recession is also hurting the Silicon Valley and the tech sector as its first and biggest victim with banks that keep on collapsing.

This signals the start of a new era where tech giants are no longer going to be American. Meanwhile tech is not the only field and China is not the only country US keeps sanctioning...

Point taken. In my opinion the US has been very complacent over the years, power drunk from the fact that no other country in the past was able to keep up with it despite the predictions that China could outgrow it in the future. This led them to sanction and dismiss every other "third world country" beyond the US borders as something inferior to them, which definitely struck them back with overwhelming force. Japan has done this to them in the past with the monopoly of Japanese tech products taking over the US consumer base, they weren't able to understand and look introspectively into this for some reason and now they are suffering the consequences, and right during one of their worst economic situations yet too. It's time that we see another Superpower to the table. maybe give the US a reality check that capitalism doesn't breed competition anymore, it's breeding oligarchy and the death of commerce.