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Cash-rich Apple can offer many tips to the debt-ridden US government in financial management, says the Wall Street Journal, not the least being overcoming the ‘psychology of defeat’.
What would happen if Apple had to tackle the US debt crisis, asks David Weidner who has covered Wall Street for over two decades. ‘First, it would eliminate spending that’s not working. Then it would make a commitment to spend if necessary. Third, it would look for ideas to spend on. Finally, it would call customers’ bluff. How much are you willing to pay for what the government gives you?” he writes.
According to the report, the current US crisis has less to do with spending and revenue and more to do with psychology. The entire US system has ‘taken on a mind-set of defeat. It doesn’t seem to matter that the business model – taxing for revenue, spending for growth – isn’t broken. After all, it’s working in Germany, Canada, India and China.
