How come on one in the USA talks about this. It’s not every day that a Chinese leader lectures the US empire.
“And the other money which I’m curious about is that when I was young, all I heard about America was Ford and Boeing and those big manufacturing companies. The last 10-20 years, all I heard about is Silicon Valley and Wall Street”
Jan 20, 2017
Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America.
A novel idea: maybe the reason the US is in a spiralling debt is because the US government has been spending money on all the wrong places (including war).
Jack Ma, founder of Alibaba.com and one of the richest men in the world, believes this is the case.
“Over the past thirty years, the Americans had thirteen wars spending 40.2 trillion dollars,” said Ma, speaking at the World Economic Forum in Davos. “What if they spent a part of that money on building up the infrastructure, helping the white-collar and the blue-collar workers? No matter how strategically good it is, you’re supposed to spend money on your own people.