Saturday, January 19, 2008

Silly Saturday Stories about Adam Smith no 13

Glen Smith posts “China-Taiwan Showdown Involves Politics, PCs” in PC (‘the independent guide to technology’) here

Somehow the genius of globalization -- Adam Smith's "Invisible Hand" – has located the workshops of the digital age on opposite sides of the Taiwan Strait. But, there is a twenty year technology gap between them. In effect, tiny Taiwan is the ODM/OEM brains and gargantuan China is the dumb, assembly brawn. Neither can exist without the other.”

That’s a new one – ‘the genius of globalization’- but just as meaningless as its predecessors.


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