Chinese Billionaire Says He Knows Where America’s Jobs Went — and it’s Not China
by James Holbrooks
Davos — Speaking at the World Economic Forum in Davos, Switzerland, Jack Ma, the billionaire founder of Alibaba — the Chinese company that surpassed Wal-Mart as the world’s largest retailer in 2016 — said the United States has no one but itself to blame for its economic woes, and that much of the problem is rooted in wasteful spending on warfare.
CNBC’s Andrew Ross Sorkin had asked Ma about his thoughts on the American economy and how it relates to China. Incoming President Donald Trump’s stance has consistently been anti-China — the former reality TV star has long accused the Asian superpower of siphoning U.S. jobs — and he and the trade team he’s putting together appear eager and willing to impose tariffs on Chinese goods.
“It’s not that other countries steal jobs from you guys. It’s your strategy. Distribute the money and things in a proper way,” Ma said, adding, “You’re supposed to spend money on your own people.”
On the issue of military spending, the Chinese billionaire claimed the U.S. has wasted over $14 trillion on warfare over the past three decades — money that, again, could’ve been invested in domestic infrastructure and programs for the American populace.
On Wednesday, as Anti-Media reported, Chinese President Xi Jinping gave a historic speech at the World Economic Forum in Davos in which he praised globalism and made a case for China as the world’s new economic leader.
Speaking of globalization, Ma called it a “perfect” strategy, and pointed out that U.S. corporations have profited substantially from the system:
“The American multinational companies made millions and millions of dollars from globalization. The past 30 years, IBM, Cisco, Microsoft, they’ve made tens of millions — the profits they’ve made are much more than the four Chinese banks put together…But where did the money go?”
In welcoming China’s president to the stage at Davos on Wednesday, WEF founder and chairman Klaus Schwab stated, “In a world marked by great uncertainty and volatility the world is looking to China.”
Alibaba’s Jack Ma, in speaking to CNBC, seemed to echo this sentiment — that’s it’s China and the system of economic globalization that will blaze the path into the future:
“The world needs new leadership, but the new leadership is about working together. As a business person, I want the world to share the prosperity together.”
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Whistler Blowers, Insiders
Yeah right it is not that the “deep state” dictates everything. Eat shit you billionaire, China been (great before them) nothing without them more recently, you still nothing because you been conquered, replaced. You are not you anymore.
He a weird alien looking basturd. Seems the rich and ‘elite are all odd-ball looking. Certainly not the “beautiful” people.
But I think he said we spent trillions on our military. Well, if the communist weren’t a constant threat we wouldn’t need the pebble that irritated the oyster to produce the pearl.
So who caused the trillions to be misspent?? The communist!
USA is unchallenged in spending but what do you get? You are the Illuminati military force, you spend 10-20 times the amount than the next so called Super power do. Some are in a constant bloom and it is not you!
The Black-Nobility is.
You are farmed animals by the psychopaths.
Who really run Socialism? The richest. /Cultural Marxism/ Fabian Society/Bolshevism/ Maoism.
Better to be the good Ronin, as in the Seven Samurai 1954.
The 10 Roman families whose top men sit on the Jesuit Council:
1. Farnese *
2. Borja
3. Colonna
4. Gaetoni
5. Medici
6. Pamphili
7. Orsini * http://josephpedepoetry.blogspot.com/2015/04/the-orsini-family-maximus-clan-man-that.html
8. Aldobrandini *
9. Chigi
10. Conti
* = Most powerful bloodlines
The REAL 13 Illuminati Families:
House of Aldobrandini/Borghese *
House of Farnese/della Rovere *
House of Orsini/Maximus *
House of Borja/Borgia
House of Pamphili
House of Somaglia *
House of Breakspeare *
House of Chigi
House of Colonna/Cologna
House of Conti
House of Gaetani/Caetani
House of Merdici/ De Medeci/ Domedici
House of Este Estence
+
Frescobaldi, Palavicini.
I think your right Canderson, it’s these mega wealthy Italian-Je$uit-*/atican connected families that have control of the Giga Zilli0ns. But most people that comment here, only go on and onabout the Jews and that’s part of the deception.
*on about
Merely heads of the hydra of Mystery Babylon. Part of the problem is everyone insists on blaming one faction or another instead of indicting the whole damned bunch.
Ma isn’t wrong. Imagine what could have been with an infrastructural building program of $14 trillion.
The families on these lists are indeed jews. So what’s your beef again?
You’re crazy. Why would communism make you spend trillions on military? You so out of touch with this generation who do not want war whatever the cost … like the elites … head up asses.
You said it correctly. Alien.
And what is America but a communist dictatorship we are given privledges for doing what we are told why and the heck do i need to ask the gov. for permission to fish or travel this is a human right that they restrict at will .
Is that creature even real? How come every picture of ma looks like a cartoon? Billionaires like Ma are proof that communism never existed.
Mostly importing OUR jobs out of the country. Free market cartel capitalism gone amuck, unless Of Course you’re one of the mega rich CEO’s that use the framework of the United States to further they’re personal ambitions leaving what’s left of the middle class to foot the tax bill, and try and find a decent job while they jet set around the world buying up real estate in foreign countries, because living in the lousy U.S. just isn’t good enough.
many american manufacturing jobs went to mexico where a big consumer market exists, americans are importing foreign made products like major appliances, automobiles, and computer products
American manufacturing bit the dust when reagan made some very insane moves against other countries and essentially made our steel industry unimportant to the world.
President Clinton was able to revive some of it, then the cheney clan destroyed what was left of
manufacturing in this country.
Peter Gabriel – Don’t Give Up (ft. Kate Bush)
https://www.youtube.com/watch?v=VjEq-r2agqc
China has been doing the same thing Japan did, making extremely high quality good and selling them at a fair price. I worked for the Japanese, and the only reason Japan sells stuff cheaper is that their COEs aren’t living like rock stars and being compensated in the millions like ours are.
I’d say this guy is right. Most of our wealth sits idle in the hands of a few people and the working class cannot afford the exorbitant prices for american made goods.
That american workers bust their asses so the military can piss it away on corporate welfare and pouring tons of money into WMD is hardly a secret.
The big lie that corporations in the states pay a 35 % tax rate is a crock too, that 35% is a base rate, it doesn’t consider all the insane writeoffs they get , writeoff that the average working man does NOT have.
It is the working man being robbed to pay for the military industrial complexes toys.
If the people actually doing the labor were getting paid fairly, the average american could afford to pay premium prices so the poor CEOs could make their helicopter payments of the insane markup.
Like I have said for a long time, we americans claim to love competition.
Until we actually get some.
A cold day in hell when I let a communist “business man” lecture me. Khazarian dual citizens sold us down the river. We were taken from within decades ago with the Bush mafia opening the draw bridge for them. China had better watch their backs as we make America great again. It won’t be so easy not having it all handed to you by treacherous Americans.
If we ever become great again China will have no need to watch their back.
Closing your eyes and ears to what others have to say is why this country is so fucked up to begin with.
There is a hell of a lot americans could learn from Asian countries.
You can bet your ass Chinas borders are enforced and that they don’t tolerate animals rioting every time a cop does his job.
This slope would love nothing better than having the U.S. curtail our military spending.
So, this guy Ma is saying we spend too much money abroad on our military rather than keeping it at home in the US to reinvest it in our own country? Somebody take away Obonga Nobel Prize and give it to him.
The comments here make me realize why Jay Reno became a millionaire.
americans are not going to buy goods from people who use the money to destroy other peoples and nations. PLAIN AND SIMPLE. if that means citizens go without paper towels, well then, we will have to use dish towels and newspaper. no great loss. if the whole world turns to shit, then well, we will just throw up walls. and if somebody wishes to toss an emp our way, then we will know exactly who to go after in america.
Perhaps this is part of the reason other nations don’t buy our goods. That and the fact we can’t design anything worth having anymore.
people hate the truth , America is broke and they try to blame on someone else , 2001 they blame the middle east country then make up some thing about WMD and saudis springs to invade other country , they don’ have any money they just print , pretending they are rich, their corporation sending the factory to overseas so they can make more money , then blame other country steal their job what a bunch of morons. Its time to wake up now
no smart people wants to be president of united states ,so you end up with people like Obama , and Trump.
America just like Rome dying unfortunately most of their citizen will be suffering from these stupid so call leaders,
whose interest is not in their citizen, but them self GOD SAVES AMERICA I HOPE
ALWAYS BLAME ON SOMEONE ELSE , I GUESS ITS THE HUMAN NATURE , IF THE COMPANY OF AMERICAN DOES NOT SET SHOP OVERSEAS THEY WOULD STILL HAVE ALL THOSE JOBS, THE DON’B BLAME OTHER COUNTRY THEY DID NOT STEAL ANY JOB , ITS EITHER THE CORPORATIONS MOVED BECAUSE OF SLAVE LABOUR RATE IN OTHER COUNTRY. BLAME ON CORPORATE AMERICAN NOT OTHER COUNTRY FOR LOSING THE JOBS.
WAKE UP DON’T PUT THE HEAD IN THE SAND ANYMORE.
Try reposting using some punctuation. That all caps nonsense makes your post unappealing to read.
YEH I GUESS YOU DON’T LIKE THE TRUTH THAT’S WHY YOU DON’T WANT TO POST MY COMMENTS SHAME ON YOU. AMERICA IS FININISHED JUST LIKE ROME THERE IS NO FUTURE FOR AMERICA.
I would very much like to know the opinion of others, but I prefer to get the opinion of those who seem to be knowledgeable and educated.
When someone posts who doesn’t even know what CAPS are for it very much implies that they haven’t much education or the intelligence to see how others do things and learn from them.
All caps implies that you are almost blind or that you lack education.
In other words, if you want to appear to have credibility, learn the basic protocols of how to express yourself intelligently.
Hint: All caps is not the way to do it.
In peace there is prosperity.
In war/rebellion there is nothing but misery and poverty.
Always aim for peace, as hard as it is to obtain, otherwise your life will be shit!