Patrick McGee

Overcapacity is seen as a problem from a Western lens, but through China's lens, this is just something where by producing more than they need and then exporting it at cutthroat prices or even losing money in certain respects, I mean, they're just de-industrializing other nations.

And that's not good for sort of capitalism in the profit sense.

But if you're using this as industrial statecraft, if not war, profit is not the goal.

Amazing.

Huge honor.

Thank you, Alice.

Thank you, James.

Well, the subtitle of the book is The Capture of the World's Greatest Company.

And it's because there just is no other place on the planet where Apple can build products in the quality it needs, but especially at the quantity it needs.

And of course, at the cost that it requires.

They've been making investments in China across hundreds of factories for 25 years.

There's just no other place where those investments would have the same return on investment.

And there's no other place just capable of achieving what Apple has demanded.

And so the history really is a narrative of how Apple and China sort of came to be partners, right?

There's sort of a marriage here of skill and scale.

And I think there's a bit of hubris within Apple that thinks, look at what we did the last 25 years.

Now we can do that in India.

And for a bunch of reasons that, like, I wish were incorrect, because I would love to see things take off in India.

I just don't think that copy and paste strategy is really going to work.

I think their fate is really tied to China for a host of reasons.