Jack Ma is the CEO of Alibaba (the Chinese version of Amazon or Ebay), which is comparably successful, as its US rivals. Jack is obviously a smart and eligible conversational partner – even Donald Trump met him a few days ago, when he was still President-elect, to discussing how Alibaba could support Trump’s ambition to create as many jobs in the US as possible.

At the World Economic Forum (WEF) in Davos in Januar 2017, Jack Ma made some suprising blunt statements:

“American international companies made millions and millions of dollars from globalization. The past 30 years, companies like IBM, Cisco and Microsoft made tons of money. The question is: where did that money go? It was wasted. In the past 30 years, America has had 13 wars at a cost of $14.2 trillion. That’s where the money went.”

Jack Ma also questioned America’s decision to bankroll Wall Street after the 2008 financial crash, arguing the money would have been better spent in other areas: “What if they had spent part of that money on building up their infrastructure, helping white-collar and blue-collar workers? You’re supposed to spend money on your own people.”

Source: https://www.weforum.org/agenda/2017/01/jack-ma-america-has-wasted-its-wealth

If you want to understand, why Donald Trump has been elected as President of the United States of America in November 2016, I would recommend you watching and/or reading the following alternativ sources of information, which provide a distant and critical view on our economy and its impact on our society:

  • For those, who really want to challenge their point of view on our economy I can recommend Chris Martenson’s interesting documentation „Crash Course“ at first issued in 2008. Here is the accelerated and shortened version from 2014: https://youtu.be/pYyugz5wcrI
  • As most recent alternative and critical view on the financial crisis it’s worth watching „The big short“ movie released in November 2015 (or read the book of the same title). Here is the movie trailer: https://youtu.be/vgqG3ITMv1Q
  • Ross Ashcroft’s „Four Horsemen“ released in March 2012 is another interesting source of information worth seeing in context of Jack Ma’s blunt statement: https://youtu.be/5fbvquHSPJU

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