http://news.yahoo.com/trip-ifactory-nightline-gets-unprecedented-glimpse-inside-apples-001926196--abc-news.html
I like how the reporter sped through the line, "but it's better than the alternatives."
To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process. Rabbi Lapin: "Let's make bricks!" Stephan Kinsella: "Say you and I both want to make a German chocolate cake."
Did you read the article?
I watched the video.
The article goes a deeper.
His closing quote in the video: "You can line up to be the country that produces this stuff, or you can be the country that buys it but it's impossible to be both."
WTF?
Clayton -
There's really no reason to defend shitty situations like Foxconn. This is not in an open market, Foxconn is a state supported monopoly, in an exchange controlled mercantilist system. There is no noble defense of capitalism here.
I didn't say there was. I was just pointing out an article about a topic that had become relevant recently.