Personal Liberty Poll
Apple is a successful American company. It got that way by being innovative and creating products that people not only wanted, but felt they had to have. From 2000 to 2013, Apple’s market value climbed from $18 billion to $455 billion. At the same time, Microsoft’s value fell from $603 billion to $290 billion.
But Apple didn’t play the game. It did not involve itself in paying off political favors to government prostitutes in the D.C. cesspool. Its annual lobbying expenditures were measured in the hundreds of thousands of dollars where companies like Microsoft and Google were spending millions.
That independent streak also extended into the company’s attitude toward illegal government spying. A company report in November claimed the company had never received a request under the USA Patriot Act to turn over customer information and, if it ever received one, it would challenge it in court.
That probably did not sit well with Barack Obama’s corrupt Department of (In)Justice.
Two years ago, Apple and five other companies were sued for e-book “price-fixing.” The publishers and Apple denied any wrongdoing. Some publishers said the government’s action could harm consumers by giving Amazon excessive control of the industry.
When Apple introduced its IBookstore in 2010, Amazon had a monopoly on the e-book market. Apple introduced competition and innovation, but was charging more for books than Amazon.
All the companies save Apple settled. Apple lost in court. Among the penalties, the judge appointed a “monitor” in the company to oversee the company product pricing decisions. The monitor job is quite a gig. He charges $1,100 per hour for his services.
This is common practice and one of many ways companies are shaken down when they run afoul of one of the alphabet soup regulatory agencies working so hard to destroy those who don’t “toe the line.” Joseph Covington, who headed the Justice Department’s Foreign Corrupt Practices Act Division in the 1980s, told Forbes, in reference to monitors appointed to enforce that act: “This is good business for Justice Department lawyers who create the marketplace [for monitors] and then get…a job there [after they leave government].”
Apple appealed the verdict this week, but a judge kept the monitor in place during the appeal process.
Apple CEO Tim Cook apparently got the message that he needs to play “the game.” This week, he told stockholders that if they were global warming “deniers” they needn’t own Apple stock. But that’s OK. Cook is not Steve Jobs.
Between Cook, government price fixing and the Washington shakedown artists, Apple will likely be only a shell of itself in a few years. The psychopathic elected and bureaucratic class don’t mind that as long as they can loot the company for a few years before it goes belly up.