Sharp has sold an 11 percent stake of its company to Taiwan’s Hon Hai, better known to us as Foxconn.
Foxconn is the company that provides us with our Apple products and in the last few weeks has been reported and false reported regarding their treatment of the labor work force. In fact, last week This American Life dedicated an entire show to a retraction of the facts of Mike Daisey’s The Agony and the Ecstasy of Steve Jobswhich was the basis of a show they ran in January.
Much of the more dramatic parts of the show are fabrications sometimes based on facts, however, the big picture is a lot more complicated, since for many Chinese the factories are opportunities for improvement in their lives. From the Western perspective we think this is enslavement based on the wages.
With Foxconn and Sharp working together to retool Sharp’s factories that produces screens for mobile devices, the expectation is that Foxconn will bring a new level of manufacturing management to Sharp’s Japan... Read More
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