Huawei just distributed out $9.65Bn in dividends to its 131K employees, which means that on average folks got $73K. I don't have the median but many folks who joined close to two decades ago are apparently seeing payouts north of a quarter mil. Pretty good for an embattled co.— Rui Ma 马睿 (@ruima) April 4, 2022
this is great and all, but where's the dividends payout for the coltan miners in the congo? (i'm not saying china created that situation because they didn't, we did)
you can't have a smartphone without rare earth minerals, and huawei makes smartphones. arbitrary separation of supply chains creates these contradictions.
Well the coal miners are probably employed and payed by a Congolese or other country majority owned structure or company. China might have invested in building the infastructure , sends/has experts for tech transfer and specialization but they rarely own the place. A lot of time, at least in my country, the created capital and "means of productions" stays in majority ownership with the home country and not CHina. So China wont dictate or decide how the Congolese workers are payed or even treated by a not majority Chinese state owned company. Maybe during the construction of infastructure they do on some level , but generaly not.
You can see Varoufakis talking about how in the deals with China for various projects and infastructure in Greece the deals the previous government made werent worker friendly and he went to the (state owned) chinese company and said "if you want the deal and projects there will have to be strong labour protections, committing to dozens of millions to the development of the communities around the project, even larger % of capital staying in Greek hands afterwards etc" expecting for the deal to fail and for it to be some harsh negotiation but the Chinese were "sure ok no problem, terms like these were always possible for you to set" .
this is great and all, but where's the dividends payout for the coltan miners in the congo? (i'm not saying china created that situation because they didn't, we did)
then why mention it on a post about a chinese company?
ya got so close to catching the sinophobia, pal and yet…
:cringe:
This exact line of criticism of coops comes up every time western coops or Richard Wolff is mentioned
“omg but hav u considerd other businesses tht arnt th coop???”
you can't have a smartphone without rare earth minerals, and huawei makes smartphones. arbitrary separation of supply chains creates these contradictions.
Well the coal miners are probably employed and payed by a Congolese or other country majority owned structure or company. China might have invested in building the infastructure , sends/has experts for tech transfer and specialization but they rarely own the place. A lot of time, at least in my country, the created capital and "means of productions" stays in majority ownership with the home country and not CHina. So China wont dictate or decide how the Congolese workers are payed or even treated by a not majority Chinese state owned company. Maybe during the construction of infastructure they do on some level , but generaly not.
You can see Varoufakis talking about how in the deals with China for various projects and infastructure in Greece the deals the previous government made werent worker friendly and he went to the (state owned) chinese company and said "if you want the deal and projects there will have to be strong labour protections, committing to dozens of millions to the development of the communities around the project, even larger % of capital staying in Greek hands afterwards etc" expecting for the deal to fail and for it to be some harsh negotiation but the Chinese were "sure ok no problem, terms like these were always possible for you to set" .