Apple's Business Model - Political Reflections

Apple just overtook Microsoft to become the second largest US company, China just overtook Japan to become the world's second largest economy, both Apple and China have authoritarian characteristics, is there a connection? Does the success of Apple tell us anything about the economic efficiency of authoritarianism? Is the Apple vs Microsoft debate a microcosm of the State Capitalist China vs Laissez-Faire USA debate? I think so, and the following three points (taken from this longer article of mine) illustrate this:

1. The chaos of laissez-faire. Apple is famous for its closed hardware system, the PC is famous for open standards and competition. You would have thought we would all prefer an open system, but it can become chaotic. For example, Apple was able to build such an amazing iPhone because it owned both the software and hardware. This is another example of the famous Railway Privatisation Problem in the UK which was designed to introduce competition but ended in chaos. A closed system is often associated with higher prices, but economies of scale can actually work to the advantage of a more monopolised market. Apple now has economies of scale no iPhone or iPad competitor can touch, it could undercut competitors if it wanted, but of course it makes more money by maintaining a premium price. In fact, the biggest danger of a monopolised market is excessive prices. Apple now makes vast profits as a result of being able to set their prices according to what consumers are willing to pay - in a competitive market prices instead converge on what it costs to make the product. Lenin argued that free markets degenerate into monopolies earning excessive profits, but his collective ownership solution failed miserably. The trendy new theory on the block is Chinese State Capitalism which prevents companies from making excessive profits and abusing the market either by heavy handed regulation or state ownership.

2. The evils of laissez-faire. A key element of the Apple concept is the App Store, of protecting the consumer from bad software. One of the problems with commercial software is that it tends to become, to some extent, mal ware. Look at Norton Anti Virus - my personal favourite example of a god awful product driven by commercial pressures. Norton pay lap top manufactures to include it on on the machine. They make it as hard as they can to uninstall. They fill it with lots of junk features you don't actually need, but because you are not an expert, you can be tricked into thinking you do need. They love messages that pop up so you retain brand awareness. They report harmless things as malicious to trick you into thinking they are doing a great job. Office Ribbon is another example of the problem of commercial pressures. Disappointed that users were not bothering to upgrade Microsoft set up to create something totally different. The change was not driven by virtue, but by profit. The idea of capitalism is that it is efficient because the end user buys what maximizes his personal contentment. The complaint against capitalism is that the limited expertise and irrationality of consumers, combined with the selfish motives of producers, creates anomalies which destroy the utility maximizing process. Instead you end up with products that damage personal contentment.

3. The need for authority. Apple is famous for its top down management style. A "top down" approach is one in which decision making is concentrated at the top of an organisation. Steve Jobs is the classic example of the visionary genius who rules like a god over his minions. A "flat management" approach, by contrast, places greater emphasis on the collective intelligence of the organisation. Most technology companies have evolved toward a more flat structure because the technical skills of the engineers are so vital to the process. One problem with a flat management structure is that consensual visions can lack originality. Incidentally there is another structure, more associated with political parties, called "bottom-up" which draws on the intelligence of the grassroots. What has all this to do with economics and politics? If human beings have vastly different levels of skill in a certain areas, it calls into question the efficiency of allowing individuals to make decisions about these areas. Why have a free market in mobile handsets if the ability of Steve Jobs to judge the relative worth of competing handsets is infinitely higher than the average mans? Free will in this choice becomes worthless, it just hurts people by letting them make the mistake of purchasing Windows Mobile. Of course Apple only make one handset and people may have different needs, so this argument is over extended. Yet you see the point that once human beings are no longer equal anomalies open up in the democratic and capitalist model.

These three arguments taken from the Apple-Microsoft example are insights into the wider debate swirling around the world today between the American and the Chinese economic models. Yet I am not suggesting authoritarian Apple should be boycotted in favour of democratic Windows/Linux. Pragmatism, not ideology, should guide our purchasing. I don't mean by that scientific thinking instead of artistic feeling. Just as the sight of a beautiful picture generates positive feelings, for many people computers are aesthetic objects that bring joy to their lives, these aesthetic feelings are not what I mean by ideological. For example, I love my iPhone so much I can cheer myself up just by looking at it or playing with the cool interface. Before the iPhone I had a Nokia with a black & white display which, unlike modern mobiles, had no timeout. The long battery life, the functional display, and humble design were features I loved. Ideology is when we refuse to open our mind to the choices before us and honestly compare relative merits with detachment. Plato argued that irrationality is inhibited love, this is why he described Socrates and Diptoma as living in a state of bliss, because they never allowed impurities to obscure the flow of understanding and lived in state of total love toward the good they percieved around them. Anyway, the Apple Microsoft debate is a fascinating one because it stirs up particularly passionate clouds of irrationality, much to delight of Apple's marketing team!