Patrick McGee

Like I say that sometimes and it sounds totally unhinged. And I get that. Yes. And yet, like what happened is like I came across internal documents after speaking with 200 people. And I figured out that Apple was investing by 2015, 55 billion dollars a year into China.

Like I say that sometimes and it sounds totally unhinged. And I get that. Yes. And yet, like what happened is like I came across internal documents after speaking with 200 people. And I figured out that Apple was investing by 2015, 55 billion dollars a year into China.

So this is mostly like they spend loads of money, billions of dollars on machinery that they put on Apple's production lines that are sort of orchestrated by Apple, but not owned by them.

So this is mostly like they spend loads of money, billions of dollars on machinery that they put on Apple's production lines that are sort of orchestrated by Apple, but not owned by them.

Like, outsourcing is the word, and yet there's something so controlling. They own the means of production with it. So I compare it to, like, the way Uber is the largest taxi provider in the world without owning any cars. It's the same thing for manufacturing. So none of the factories are owned by Apple, and yet they have, like, maniacal control over the machinery within those factories.

Like, outsourcing is the word, and yet there's something so controlling. They own the means of production with it. So I compare it to, like, the way Uber is the largest taxi provider in the world without owning any cars. It's the same thing for manufacturing. So none of the factories are owned by Apple, and yet they have, like, maniacal control over the machinery within those factories.

And then they're doing, like, I quote someone saying, we treat the workers like our arms and legs, like you do this and you do that. And the number of people they've trained like that is 28 million, so larger than the labor force of California since 2008. And the number of billions of dollars they spend on machinery is, you know, $14 billion, I think, is the peak year.

And then they're doing, like, I quote someone saying, we treat the workers like our arms and legs, like you do this and you do that. And the number of people they've trained like that is 28 million, so larger than the labor force of California since 2008. And the number of billions of dollars they spend on machinery is, you know, $14 billion, I think, is the peak year.

So some of that's public and other of this material.

So some of that's public and other of this material.

Of course. And well, they do and they don't. Right. So. So fifty five billion is a year. A fifty five billion is per year. That's the investment. A lot of that is training costs for the employees in China. And the number of employees, like per Tim Cook's public estimate, right, is three million people are assembling iPhones and other Mac products in China.

Of course. And well, they do and they don't. Right. So. So fifty five billion is a year. A fifty five billion is per year. That's the investment. A lot of that is training costs for the employees in China. And the number of employees, like per Tim Cook's public estimate, right, is three million people are assembling iPhones and other Mac products in China.

Lots of unskilled jobs, the ones that Howard Lutnick wants to bring back to America. Yes. And lots of PhDs at Foxconn. Really sophisticated. Right. But my point is, like, lots of times people think there's great vocational training in China. The vocational school in China is Apple. They've trained all these workers. Yes, they've done a huge job. So let me just put the $55 billion in context.

Lots of unskilled jobs, the ones that Howard Lutnick wants to bring back to America. Yes. And lots of PhDs at Foxconn. Really sophisticated. Right. But my point is, like, lots of times people think there's great vocational training in China. The vocational school in China is Apple. They've trained all these workers. Yes, they've done a huge job. So let me just put the $55 billion in context.

I could not find any corporate equivalent for how much someone is investing in another country. So I had to go to government efforts. So you look at something like the CHIPS Act, right? Biden's flagship plan, let's bring chip fabrication back to America. That's $53 billion over four years, right?

I could not find any corporate equivalent for how much someone is investing in another country. So I had to go to government efforts. So you look at something like the CHIPS Act, right? Biden's flagship plan, let's bring chip fabrication back to America. That's $53 billion over four years, right?

Another way of saying that Apple is investing quadruple what the Commerce Secretary called a once-in-a-generation investment in America. So that's nuts. And then you go back to, then you go back to the Marshall Plan and you're thinking, okay, so maybe it's like half of the Marshall Plan, something like that. Like, that's going to be crazy. People are going to relate to that.

Another way of saying that Apple is investing quadruple what the Commerce Secretary called a once-in-a-generation investment in America. So that's nuts. And then you go back to, then you go back to the Marshall Plan and you're thinking, okay, so maybe it's like half of the Marshall Plan, something like that. Like, that's going to be crazy. People are going to relate to that.

So I take the Marshall Plan spending from 1948 to 1952, right? This is sort of like America saving Europe after the World War II. And you convert it to $2,015, and it's half the annual spending of what Apple's investing in China.

So I take the Marshall Plan spending from 1948 to 1952, right? This is sort of like America saving Europe after the World War II. And you convert it to $2,015, and it's half the annual spending of what Apple's investing in China.