Linked by Thom Holwerda on Fri 15th Jun 2012 16:24 UTC
Another fantastic article at The Verge, this time covering Vizio in-depth, written by Nilay Patel. "Vizio is one of the best-kept secrets in consumer technology. The tiny Southern California company consistently sells the most HDTVs in America, but it's a sure bet that you know virtually nothing about it. Hell, most people don't even know Vizio is an American company, even though all but three of its 417 employees work in the US."
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An entire market in the world's most powerful (not for long) and richest (not for long) country is dominated by a company that is 417 employees strong?
And this is an American success story? Which Americans? All 414 of them who live in the U.S.?
This is the real knowledge economy. It's not about "buying American" anymore, or even being savvy enough to demand laws that list what percentage of components are domestic. When our politicians in the West tell us that we will be fine if we invest in education, that we will leave the dirty stuff to "emerging" economies--as if that were anything more than an orientalist fantasy--this is what it means: 417 souls and their families on a razor thin knife.
How many 417-person companies would it take to crush the competition and satisfy all consumer demand?
For it isn't just Vizio's designs that are model specimens, but the company itself is the acme of our economy. Capitalism at its finest and most terrible.
I pray.