CNN’s Laura Coates speaks with Steve Wozniak, the co-founder of Apple, about online privacy and Congress’ pending legislation that could lead to a ban of TikTok.
Right, exactly. He could be worth billions if he wanted to, but he quit Apple early on. He still has shares of Apple which means he is worth that much, but he’s also given shares away to other Apple employees just because he believed they deserved them more. He does profit off slave labor in China, but my argument was that it’s not any more than the rest of us. Basically everyone participating in capitalism will benefit from its worst parts, but Steve Woz is not the poster child for capitalism, greed, or slave labor.
Are you saying “not any more than the rest of us” as in “lots of people own stocks or investment accounts and many of those are in businesses profiting from China”?
I think the difference for me is that he’s in a position to influence things since he’s famous, and he has a ton of money from it already.
Norms need to invest in stocks to be able to retire or afford healthcare. He has the luxury to not need to worry about any of this.
But more importantly, stock holders can absolutely (and should) criticize the companies which they hold stocks in. They have power to vote and influence their business decisions. Owning stock does not mean you have to agree with existing decisions.
Right, exactly. He could be worth billions if he wanted to, but he quit Apple early on. He still has shares of Apple which means he is worth that much, but he’s also given shares away to other Apple employees just because he believed they deserved them more. He does profit off slave labor in China, but my argument was that it’s not any more than the rest of us. Basically everyone participating in capitalism will benefit from its worst parts, but Steve Woz is not the poster child for capitalism, greed, or slave labor.
Are you saying “not any more than the rest of us” as in “lots of people own stocks or investment accounts and many of those are in businesses profiting from China”?
I think the difference for me is that he’s in a position to influence things since he’s famous, and he has a ton of money from it already.
Norms need to invest in stocks to be able to retire or afford healthcare. He has the luxury to not need to worry about any of this.
But more importantly, stock holders can absolutely (and should) criticize the companies which they hold stocks in. They have power to vote and influence their business decisions. Owning stock does not mean you have to agree with existing decisions.