The Guardian view on Apple’s valuation: a digital milestone
Apple has more in common with other digital companies than divides them. All use remarkably few workers to generate their enormous profits. All operate an internal class system, which concentrates power in very few hands. None have any unions worth speaking of. All rely on the unglamorous work being done far from California, usually by subcontractors. All shuffle their profits around the world in an endless game of “Find the lady” with national tax authorities – a factor that should not be overlooked when it comes to asking why they are so immensely profitable. If this is the model of the company of the future, it will have consequences we have not yet learned how to manage.https://www.theguardian.com/commentisfree/2018/aug/05/the-guardian-view-on-apples-valuation-a-digital-milestone
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