Comments by "Screen Apple" (@screenapple1660) on "Foxconn’s Taiwan Executive Arrested in China, Accelerating Taiwanese Business Withdrawal" video.

  1. The number of factories leaving China and Hong Kong has been rising, partly due to state ownership and government influence over business operations. Carrie Lam and John Lee, Hong Kong’s chief executive and other government leaders, oversee a growing number of abandoned factories. Skilled Chinese workers have voiced frustrations about these leaders’ business decisions, noting that those in charge may lack hands-on experience with the equipment, and even basic operations can be a challenge. This shows that factory ownership doesn’t necessarily require a degree, though practical know-how is essential. To understand this issue, it’s useful to consider the principles of capitalism and communism, which shape economic systems differently: Capitalism is an economic system based on private ownership and free markets. Businesses and resources are primarily owned by individuals or corporations, not the government. People have the freedom to make profits, innovate, and compete in the market. Decisions about production and pricing are driven by supply and demand, and success is often measured by profitability. Communism, on the other hand, promotes collective ownership and aims for an economy where resources and production are publicly owned. In this system, the government typically controls key industries and distribution to ensure equality. Business decisions are centralized, and profits are ideally shared among the population, rather than concentrated in private hands. In this case, Hong Kong’s factory closures highlight some of these differences: under a more capitalist approach, factories might remain privately run and operate based on market needs. However, under a state-controlled model, the government has significant influence over these operations, which can lead to difficulties if leadership lacks technical or operational experience.
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