Apple Richer than US Government

Figures released last month reveal that Apple has access to over £47 billion in cash, around £2bn more than President Obama’s administration.

But how did the company get so rich? According to journalist and former banker Max Kaiser and the Daily Mail newspaper, the answer lies in the firm’s employment practices.

Last year, human rights campaigners claimed so many employees attempted suicide because of poor working conditions at China-based Apple supplier Foxconn, the firm had installed nets to catch staff who tried to jump off the building’s roof.

More recently, in May, a Foxconn worker fell to his death at a manufacturing plant in southern China.

In the video below, Kaiser claims that if Apple were to become a bank, the company could increase its access to revenue by a whopping 1,000 per cent.