702 karma · joined July 7, 2011
None of this is to say that the problems might not be real, but bear in mind that China literally started producing electronics in the 80s, a 40 year headstart. And even then, until the early 2000s even in India Chinese goods had the reputation of being low quality, and for good reason. It takes years of experience on multiple levels to achieve the level of production that Apple targets. But it's not unachievable, even in India.
The country has pulled this off in other sectors - IT, Aerospace, Automotives and Pharmaceuticals to name a few.
This is HN so the moment I say IT and India in the same sentence a megathread of outsourcing woes will start to form. But Tech in India is much more than outsourcing for the last 2 decades - solid tech companies serving global and local markets like Freshworks, Zomato, Zoho, BharatPe, RazorPay, Chargebee etc have emerged.
Apple is big enough and has sufficient resources to have known that manufacturing in India will have a learning curve. It's not like they sent a team of 5 engineers on a plane and told them to go get it built. Apple has been operating in the country for well over a decade now - it's only just starting to scale things up on the production side. This will also pass.
So if anything the German media needs to do a way better job of highlighting this.
Additionally today they announced that while profits on stock trading (specifically derivatives) can be taxed fully, losses can only be accounted for upto 10.000€
Berlin is trying to freeze rents for the next 5 years and make it possible to retroactively lower rents to the level of 2013.
This kids, is what it looks like when a government is too scared to solve bigger structural challenges (digitization of the beauraucracy, switch to electromobility, better competitive environment for startups, questionable pension system, unneccesarily high taxes that keep leading to surpluses, I could go on) - and instead keep themselves occupied with non-issues that are PR heavy. Schade.
If we stopped it at the source - and forced these companies to spend a fraction of their massive revenues into innovating around more sustainable alternatives (effectively just pricing in the externality that they are currently getting a free ride on). You'd end up with a much better scenario where consumers can still enjoy the products and don't even have to deal with the cognitive overload of sorting 12 different types of waste.
I think one of the biggest coups that governmentes & corporations have pulled off is to let the burden of environmentally friendliness get shifted to the end consumer. This means that it requires masses of people to first get informed, then get mobilized and then start boycotting or putting pressure on these companies to change something. Pretty wasteful cycle if you ask me, easier to price it in much earlier at the source.
(1) https://www.dw.com/en/dumping-plastic-waste-on-others/av-494...
Thanks again!
As for the sniff test - while I agree with your assessment, I wonder if the aspect of providing employees easier liquidity will make them more attractive than traditional VC deals? Essentially by "investing" in companies with a mix of SPAC stock and capital, making the SPAC stock available to employees to sell in order to liquidate some of their options / equity. Essentially giving them better access to deals than others (a variation of test 1)
As for test 2 - I think this is true of many tech startups outside of the valley, maybe they will look outside the echo chamber.