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The big difference Jack Ma says is that American business uses globalism to replace jobs. Chinese use globalism to attract business for their own businesses. That's why China mints more millionaires than any other country. The US business elites do not want the people to get richer they want regulations to keep people and small business under control and away from competing against them.
I'd rephrase it slightly. China uses the vast size of its market to attract global companies. It lures in companies with its once cheaper labor workforce and artificially low base inputs (ie. steel) to have companies set up production there, but the hard stick used to draw companies is to require that the products sold there are assembled there. As the US and many free markets have no restrictions on these things, it makes sense to be able to produce in China and export everywhere, as opposed to manufacture in another country and be able to export to some of them. Once the assembly has arrived, the impetus becomes one of bringing the manufacture of the components overseas as well or face amazing tax and operational pressures. Once that production has arrived, the same pressures are then put on that company for their inputs.
That's been China's long ball game....played to near perfection. They've now consumed the world's supply chains, keeping them linked by having NGOs go out to acquire raw materials that can be sold at a loss.
The problem with the US, and the micro-regulation to empower the incumbent powers, is spot on. In an every company for itself outlook, industries that can move will without consequence, while industries that must stay will look for regulation requirements that will prevent new entrants into the space.
As for Jack Ma, it will be interesting to see how far his rabbit hole goes given the wide creditworthiness he's bestowed on a significant portion of China's peer lending. You can't hate the player in a game situation, but citing the US's incoherent approach to globalism is only half the story. The other half is that China's been playing a sneaky in a genteel great game.
Its certainly not easy to fire employees in China. The labor laws replicate an almost European social model which overly favors the workers and not the employer. But I do agree with everything else you said about Alibaba vs Amazon.
In this case the original intention falls flat. In the US alone over 99% of the population has not benefited.
And so - you are saying - that 99% of Americans are worse off than what? who? when?
Up until approx 1970 I think things got MUCH better for most Americans generation after generation. Reagan is probably when the chart started turning the other way - and it's been largely that way since.
Enough Americans and voters are ignorant enough to believe in the "there isn't enough for us all" theory and therefore are actually happy when they see income inequality...they see that as more for them (in reality or potentially).
The truth is different. There is plenty. More than enough. So much that we have to virtually dump money, food and manufactured goods over a cliff to keep things "normal". But we are unwilling to care enough for others to put sane policies into force.
Look at Paul Ryan - a guy who would not have survived without help from the government (poor when a child) - watch him actually SMILE at the thought that he will take insurance away from people and charge seniors 5X as much as others. You have to be evil to smile at the idea of causing real suffering.
We need a revolution. Between the Russians hacking, the total control by a minority (which will not even concede that they should care about the majority), etc....it's just not working.
Anyone who thinks health care costs are going to come down is smoking something very powerful. The Republicans want it to cost more...so fewer people will use it and more profits will be made.
Effectively, they want more people to die quicker. That's the plan.
And so - you are saying - that 99% of Americans are worse off than what? who? when?
Prior to the late 70's, real median income rose at about the same rate as per capita GDP. Since then median incomes have been flat, while per capita GDP has risen over 100%, and the top .01% have experienced >700% increase. The oligarchs have used globalization, finance, fiscal and trade deficits, to put all gains in their own pockets.
To answer your question, over 99% of the US demographic has experienced less than the per capita GDP rate of increase since globalization began. So there aren't many winners at all, but the ones who've won have made out like bandits.
Prior to the late 70's, real median income rose at about the same rate as per capita GDP. Since then median incomes have been flat, while per capita GDP has risen over 100%, and the top .01% have experienced >700% increase. The oligarchs have used globalization, finance, fiscal and trade deficits, to put all gains in their own pockets.
To answer your question, over 99% of the US demographic has experienced less than the per capita GDP rate of increase since globalization began. So there aren't many winners at all, but the ones who've won have made out like bandits.
The issue isn't globalization, the issue is American policies.
We live in an era of zero accountability.
We care more about the Kardashian's than improving out lots in life.
We've become the complacent people. While other nations strive for better, we resist change.
Location: Was Midvalley Oregon; Now Eastside Seattle area
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