SamurAchzar
Platinum Member
- Feb 15, 2006
- 2,422
- 3
- 76
really, no that makes no sense. It fattens a fatcat's wallet, keeps the laborer down in China and does jack squat to employ anyone in this country. Go back and read my first post, save up and buy a house.
First, "Fatcat" is actually the public, through the shares they hold. Second, it does more than you imagine; cheap gadgets promote widespread use of technology. Without the low costs of stuff mass produced in China (and it's not just because of employee labor costs) our everyday technology would not be nearly as advanced. Without the massive acceptance of technology and ongoing consumer demand companies would not invest in semiconductor manufacturing and research and we wouldn't have access to the technologies we enjoy today.
Flash chips are first bought by Apple, which is the largest single consumer of Flash on earth. They are developed and improved because of Apple. Then they can be used to work in medical devices and satellites too. That's one tiny example; think of LCD screens for example. Sure, they are used for medical imaging but would they be available if not for their consumer use?
The consumer electronics industry is the number one driver of technological progress. No other industry is even close. And the only reason consumer electronics is everywhere and that in some industries product cycles are 6 months is because its cheap: If mobile phones cost 3 times as much, we wouldn't be replacing them as often, which means manufacturers would not develop them as rapidly, semiconductor miniaturization would slow... etc