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The headline is sensational, but the thesis of the article is strong. No company better executed the idea of globalization than Apple, but their pursuit of supp
by etempleton 3y ago
The headline is sensational, but the thesis of the article is strong. No company better executed the idea of globalization than Apple, but their pursuit of supply chain efficiency meant moving everything to China.
Hindsight is 20/20. China seemed to be on a path towards more openness and more human rights, not less, and so it is hard to fault Apple for seeing China as a logical partner, but Xi changed all that.
I can’t help but feel that the PRC is slowly undoing everything they have built over the last 30 years. Every company is scrambling to figure out how they can become less reliant on China because betting too big on China is too much of a risk.
It is the same with Russia. They seemed to be opening up and everyone was willing to give them a shot again and the first thing Putin does with that new trust is invade Ukraine.
- TulliusCicero 3y agoPeople are also rethinking China because of Putin's invasion. While China currently seems more rational and competent than Russia under Putin, the invasion made major authoritarian leaders in general look worse by association.
- etempleton 3y agoYes, the PRCs escalation of rhetoric surrounding Taiwan and actions to silence and shutdown internal critics such as Jack Ma have to be viewed now as steps towards further action. We have to take China at their word that they will take Taiwan by force if required.
- snehk 3y agoPeople are rethinking China because the US is closer than ever to being #2 economically and that's somehow unacceptable.
- etempleton 3y agoI think that is part of it, but make no mistake, China's rhetoric and actions have become more aggressive over the last decade.