Ma Yun Jack Ma Talks About American Strategy Is Not Proper
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[Ma Yun Jack Ma Talks About American Strategy Is Not Proper]
Donald Trump: Source: LYBIO.net
That’s right. A lot of people up there can’t get jobs. They can’t get jobs, because there are no jobs, because China has our jobs and Mexico has our jobs. They all have jobs.
Andrew Ross Sorkin:
Explain to us how you think about the U.S.-China relationship, given some of the comments that Donald Trump has made about China being a currency manipulator? Did that come up during your meeting?
Ma Yun (Jack Ma):
Well, I think, first, in America there is a freedom of speech, right? So he can say whatever he want and I respect and I understand. But, of course, I have my views.
First, I think 30 years ago, when I just graduated from university, I heard American wonderful strategy. They outsourced the manufacturing job, service jobs. They outsourced the manufacturing to Mexico and China, outsourced the service jobs to India.
And I think it’s a perfect strategy. You know that the American said, we just want to control the IP, we just want the technology, we just want the brand and leave the lower end jobs for the world. Great strategy.
The past 30 years, IBM, Cisco, Microsoft, they made a tons of them and the money, the profit they made are much more than the four largest banks in China put together – China Mobile phone, China Unicom and whatever you name it, put together, still these multinational companies made more money. But where did the money go?
Past 30 years, America had 13 wars, spending $14.2 trillion, the money going there.
What if they spent a part of their money on building of the infrastructure, helping the white collars and blue collars?
No matter how strategy good it is, you’re supposed to spend money on your own people.
And the other money which I am curious about is that when I was young, I heard America is about Ford and Boeing, those big manufacturing companies. The last 10, 20 years what I heard about is Silicon Valley and Wall Street. The money go to the Wall Street and what happened year 2008?
The financial crisis wiped out $19.2 trillion USA alone. They wiped out all of the white collars and destroyed 34 million jobs globally.
So what if the money – it’s not in Wall Street. What if the money spent on the Middle East, Middle West of the United States? Developing the industry there, that could be changed a lot.
So it’s not the other countries steal jobs from you guys. It is your strategy.
Andrew Ross Sorkin:
Ma Yun (Jack Ma): Source: LYBIO.net
But you do not distribute the money and things in a proper way.
Ma Yun Jack Ma Talks About American Strategy Is Not Proper. So it’s not the other countries steal jobs from you guys. It is your strategy. Complete Full Transcript, Dialogue, Remarks, Saying, Quotes, Words And Text.