Of revolution, depression & robotics.
If for a moment we suspend disbelief and use Apple as a socio-economic nexus through which we can observe contemporary politics, these two tweets provide a glimpse of just how far Cupertino’s shadow has been cast.
1. Apple made the Arab spring possible by providing an essential tool to Egyptian activists, and the (pending) success of Tahrir Square inspired Americans to attempt a similar form of protest.
2. But Apple also made #Occupywallstreet necessary by outsourcing its manufacturing jobs, widening the US trade deficit, and promoting increased consumer debt among young Americans.
3. Due to word getting out that Foxconn employees were committing suicide en masse, labour prices at the Chinese factories that produce the iPhone have increased, and as a result, Foxconn plans to replace many of its workers with Japanese robots.
Meanwhile, Apple is sitting on $76 billion in cash reserves.