19 Jan 17
You're supposed to spend money on your own people
http://www.commondreams.org/news/2017/01/19/chinese-billionaire-says-us-wasted-trillions-wars-and-wall-street
"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. You did not distribute the money and things in a proper way."
He said the U.S. has wasted over $14 trillion in fighting wars over the past 30 years rather than investing in infrastructure at home.
Ma said that when Thomas Friedman published the 2005 pro-globalization tribute The World is Flat, taking advantage of the world economy seemed like "a perfect strategy" for the U.S.
"We just want the technology, and the IP, and the brand, and we'll leave the other jobs" to other countries like Mexico and China, he said, according to Business Insider. "American international 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," he continued. "But where did the money go?"
"The money goes to Wall Street. Then what happened? Year 2008 wiped out $19.2 trillion in U.S. income," he said. What's more, he added, "In the past 30 years, America had 13 wars spending $14.2 trillion...no matter how good your strategy is you're supposed to spend money on your own people."
"What if the money was spent on the Midwest of the United States?" he asked. "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."
While he did emphasize that globalization is a good thing, according to CNBC, Ma reportedly noted that it "'should be inclusive,' with the spoils not just going to the wealthy few."
http://evonomics.com/real-takers-america-unproductive-rent-extracting-rich/
That’s the Rentier Agenda, then — low tax rates on unearned income flowing to passive investors, replacing public utilities with private toll-charging monopolies, and pursuing policies that deter inflation, even at the risk of prolonged, mass unemployment and idle factories. It is no exaggeration to say that the private sector rentiers are not only the real “moochers” and the real “takers” but also are the greatest threat to productive industrial capitalism, in the United States and the world.
20 Jan 17
Originally posted by finneganBui that is why we give all our money to government cuz they are so good at spending it.
You're supposed to spend money on your own people
http://www.commondreams.org/news/2017/01/19/chinese-billionaire-says-us-wasted-trillions-wars-and-wall-street
"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. You did not distribute the money and things in a proper way."
He said the U.S. has wasted over ...[text shortened]... oted that it "'should be inclusive,' with the spoils not just going to the wealthy few."
In fact, we need higher taxes! 😵
20 Jan 17
Originally posted by finneganthe chinese don't get to talk.
You're supposed to spend money on your own people
http://www.commondreams.org/news/2017/01/19/chinese-billionaire-says-us-wasted-trillions-wars-and-wall-street
"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. You did not distribute the money and things in a proper way."
He said the U.S. has wasted over ...[text shortened]... oted that it "'should be inclusive,' with the spoils not just going to the wealthy few."
yes, americans treat their own people awfully, yet when we look for examples to follow, we don't look to the chinese.
20 Jan 17
Originally posted by finnegan"What if the money was spent on the Midwest of the United States?"
You're supposed to spend money on your own people
http://www.commondreams.org/news/2017/01/19/chinese-billionaire-says-us-wasted-trillions-wars-and-wall-street
"It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. You did not distribute the money and things in a proper way."
He said the U.S. has wasted over ...[text shortened]... oted that it "'should be inclusive,' with the spoils not just going to the wealthy few."
Republicans would be screaming "SOCIALISM" from the rooftops!