The glories of the market
Ten days ago or so, Nike CEO John Donahoe stated on an earnings call with investors that his fabled shoe company, started in Oregon by American Phil Knight, was “of China and for China.” Nike currently has 7,000 branded stores in China, and is, Donahoe boasts, the “largest sports brand” in the world’s most populated state, now a cruel dictatorship run by the Chinese Communist Party.
This is who Nike and Mr. Donahoe are “of and for.”
And apparently, so are those athletes who take Nike’s money for endorsing their products: Tiger Woods, Michael Jordan, Lebron James, among many others. Has a single sports “journalist” asked any of these multimillionaires whether they are “of and for China?”