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| Economy |
| Alibaba founder Jack Ma has a brutal theory of how America went wrong over the past 30 years |
| 2017-01-19 |
| DAVOS, Switzerland -- Alibaba founder Jack Ma thinks America went wrong over the past 30 years by focusing too much on war and Wall Street. Speaking at the World Economic Forum on Wednesday, Ma was asked about globalisation and the reaction to it represented by the election of Donald Trump as US president. He responded that back when Thomas Friedman published "The World Is Flat" in 2005, globalisation looked like "a perfect strategy" for the US: "We just want the technology, and the IP, and the brand, and we'll leave the other jobs" to other countries like Mexico and China, he said. "American international companies made millions and millions of dollars from globalisation," Ma said. |
| Posted by:Besoeker |
| #4 Earlier this year, Washington Post economics reporter Jim Tankersley wrote,"The 2000 vote effectively unleashed a flood of outsourcing to China, which in turn exported trillions of dollars of cheap goods back to the United States ... It was the strongest force in an overall manufacturing decline that cost 5 million jobs. Those workers were typically men whose education stopped after high school, a group that has seen its wages fall by 15 percent after adjusting for inflation." |
| Posted by: Dino White9248 2017-01-19 20:47 |
| #3 People's Exhibit #1 |
| Posted by: Dino White9248 2017-01-19 20:43 |
| #2 No the companies and the executives made millions but the ordinary Americans got left behind. Hence Trump's victory. Ma Also glides the massive welfare spending and the corruption of American learning with the false social justice positions. Finally, won't mention that China has benefitted immensely from globalisation as well |
| Posted by: Injun Whailing6393 2017-01-19 20:05 |
| #1 Straight from Mr. Horse's mouth 马云 is his name in Mandarin, family name 马 means "horse" & character even looks like a horse to me. |
| Posted by: Anguper Hupomosing9418 2017-01-19 19:37 |