Apple Makes the World a Better Place?
Maybe. There is a very Libertarian, Free-Market feel to the idea that buying all these shiny gadgets will solve the world’s problems, but there’s also a little evidence to back it up.
I think the author paints it a little too black and white. Apple is not the savior of the world, but they are a supremely focused company with a creative drive and a spirit of innovation and creativity that has largely been unmatched in large corporations. The ripples now being felt in the manufacturing world may well spur an explosion of development and growth in China and other developing markets (Brazil is another great example that will eventually be affected by the new Chinese regulations). Many people’s lives will get better because Apple has sold a lot of shiny gadgets.
But when wages rise (and margins fall) can prices continue to fall? Can the expansion of these devices and services to more and more of the human population continue at the same pace? That answer will determine whether or not Apple continues to “raise all boats”.