Something to think about when listening to your receiver, or using you iPad or iPhone

[Rickster71]

The rich rule over the poor,
and the borrower is slave to the lender.

This is an ancient proverb from Solomon not my own idea. I figure Solomon was wiser than me so I'll go with his advice.

I think that people from biblical times would say, “If you think this is slavery, you’ve got another thing coming."
Read more: Is the Borrower Really Slave to the Lender?

 

[Adam]

A little twist to the story...

 

[TLS Guy]

A little twist to the story...

It seems probity and integrity are becoming rare commodities!

 

[Adam]

It seems probity and integrity are becoming rare commodities!

At least rare enough that I had to look up what "probity" is.

 

[redgirl]

I assume you guys heard the retraction from This American Life

I'm listening to it right now and am in total disbelief!! Funny how Mr. Daisey never uses the word lie, lying or lied. I'm glad he apologized but am particularly astonished at his denial/justification. I just had to come over here and write about it. Being a new listener, I have a huge amount of respect for the guys at This American Life for not only letting their audience know that the story they ran wasn't completely true but for getting an interview with Mr. Daisey and then broadcasting thoroughly checked facts about the Apple story.

 

[DS-21]

For an alternate perspective, see this column by my fellow pinko-lefty, Nicholas Kristof: Let Them Sweat - Op-Ed - NYTimes.com

Yup the one article was saying that it costs $8.00 US to manufacter an I-phone. Customers pay over $500.00 for them here. Apple could make them here in North America and still make billions in profit and keep the jobs here if they actually cared.

Here's what a lot of people who spout off about issues of international political economy without being qualified to do so don't understand: no, they couldn't.

Not only would they have to build a new infrastructure here, but their suppliers would, too.

If you want a $3000 iPhone, then scream "build 'em here!"

Shirt A no longer exists, or if it does as a niche product that members of unions buy.

It makes sense that where costs of labor are higher, the products they make need to have value added. Using expensive labor to zip through 20,000 $10 commodity undershirts a day is just inefficient. Using expensive labor to tailor a $600 dress shirt makes sense.

 

[lsiberian]

A little twist to the story...

My best friend recently stayed in China and said much of it was dramatic license apparently if someone really did some of those things to workers they'd get executed. He said there are plenty of these executions to deter this type of behavior.