Dear Friends,
The Chinese billionaire tells it like he sees it at the World Economic Forum. Don’t miss –– we should take notice. Others don’t see us as we see ourselves.
Sharon
Nobody ‘stealing’ your jobs, you spend too much on wars, Alibaba founder tells US
The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry and jobs due to the outsourcing of labor to countries like Mexico and China. Ma, however, has a different view of what is behind the US economic decline.
“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.”
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