Incidentally, Boeing shares with Apple the same distinction of being a U.S. company that increasingly can't manufacture the products it sells. Note that the 787 Dreamliner, Boeing's latest generation Boeing jet, is largely made by overseas suppliers. And Japan is the nation that has the most crucial role in building the Dreamliner: the manufacture of the Dreamliner's extremely sophisticated, high-tech carbon fiber composite wings.
The fact that Japan placed massive early orders for the Dreamliner has little to do with "market forces" and everything to do with long-term Japanese industrial policy. With every new generation of Boeing airliner, Japan has negotiated to manufacture a bigger share of each plane. It's clear the Japanese eventually intend to dispense with Boeing entirely in the future and go it alone in developing its own commercial airliner industry.
It's clear that, far from being a showcase of U.S. high-tech might, Apple in fact reveals many of America's shortcomings in the modern global economy.
And for all the praise heaped upon Steve Jobs over the years, it's clear that his role in making the iPhone a reality was greatly exaggerated. Jobs' role was akin to Aladdin rubbing the magic lamp. The super-sophisticated high-tech manufacturers of Japan and Germany then brought Jobs' ideas to reality.
Of course, the limelight-loving Jobs got all the glory---which is perfectly in sync with the "winner take all" ethos that characterizes today's U.S. economy. And no doubt, all that was just fine with the industrial planners of Japan and Germany, who are happy to take a low-profile role. The reason for the latter is that, if both nations' roles in the iPhone were heavily scrutinized by the U.S. media, it would shine an unwelcome spotlight on policies that have methodically decimated America's high-tech manufacturing in recent years.
Yes, Apple came up with the idea for the iPhone. But it's clear that other nations benefited vastly more from the manufacturing process of the iPhone than American workers ever did.
And this raises a troubling questions about the state of U.S. capitalism today. America continues to lose millions of good-paying manufacturing jobs. And it's clear that the likes of Apple are simply never going to be able to create jobs to replace those that have been lost. This is no small point when you consider than Apple now rivals Exxon Mobil as America's most valuable corporation.
Today's America continues to bleed the sort of good-paying manufacturing jobs that made possible the Great American Middle Class. The latter made America's economy the envy of the world for decades. The jobs that are replacing the lost jobs tend to be low-skilled and low-paying (think Walmart and McDonald's).
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