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View Full Version : The US has wasted $14 trillion on warfare over the past three decades-Jack Ma, Alibaba founder




Peace Piper
07-30-2017, 07:05 PM
http://www.yosuccess.com/wp-content/uploads/2015/08/jack-1.jpg

The US has wasted $14 trillion on warfare over the past three decades

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:

http://accmag.com/wp-content/uploads/2017/07/Screenshot_4.png

snip full article: http://accmag.com/the-u-s-has-wasted-over-14-trillion-on-warfare-over-the-past-three-decades/

http://costofwar.com

At least some people get it, in this case he happens to be from China


https://www.youtube.com/watch?v=IAZy75RKb84

How much longer should the US bomb Afghanistan? 5 years? 10 years? 100? The Rat-Infested District of Criminals hopes you don't care.

Influenza
07-30-2017, 07:24 PM
seems like a low-ball estimate

liveandletlive
07-30-2017, 07:30 PM
we need to cut military spending drastically

Krugminator2
07-30-2017, 07:39 PM
seems like a low-ball estimate

Really? Considering ALL military spending from 1987 to 2017 doesn't even come close to 14 trillion it is clear he just pulled that number out of thin air. Not to mention there is a lot of legitimate defense spending.

But hey, he's Jack Ma. I guess he can say whatever he wants and some people will believe it because well.. Jack Ma.

r3volution 3.0
07-30-2017, 08:41 PM
$14 trillion?

Let's get real.

...you can't put a price on the illusion of safety, can you?

TheTexan
07-30-2017, 08:43 PM
"wasted" 14 trillion?

More like, "wasted" 14 hundred thousand terrorists and their families and anyone in vicinity etc

r3volution 3.0
07-30-2017, 08:44 PM
"wasted" 14 trillion?

More like, "wasted" 14 hundred thousand terrorists and their families and anyone in vicinity etc

But but but, think of all the roads forgone!

TheTexan
07-30-2017, 08:46 PM
$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.

It was tho. Anyone who invested in American Manufacturers like LMT did OK

agitator
07-30-2017, 08:49 PM
Wasted? lol. Wait until we bomb the fuck out of China's interests and we keep the strong dollar and continue to export our inflation, suckers.

r3volution 3.0
07-30-2017, 08:49 PM
Every night I pray that the illiterate goat herders on the other side of the planet won't launch an ICBM...

...or independently discover calculus.

ILUVRP
07-31-2017, 06:23 AM
i believe ma , it is a total waste , 90% of the bs in the middle east would never have happened if we were not there in the 1st place .

i strongly believe in blow back ( ron paul ) .

Influenza
07-31-2017, 03:18 PM
Really? Considering ALL military spending from 1987 to 2017 doesn't even come close to 14 trillion it is clear he just pulled that number out of thin air. Not to mention there is a lot of legitimate defense spending.

But hey, he's Jack Ma. I guess he can say whatever he wants and some people will believe it because well.. Jack Ma.

the salaries alone of all the military personnel will reach the trillions after 30 years. Now take into account all the arms deals we have with so many countries, how much it costs to bomb and rebuild countries... it will reach well over this 14 trillion figure.

enhanced_deficit
07-31-2017, 04:20 PM
It's a big sum but in exchange many arab muslims in Iraq, Benghazi, Syria achieved freedom... was that not worth this expense?

We can't put a prce tag on freedom. Also nationalist security of our closest democratic/dictator allies like Israel, Saudi Arabia should also be kept in mind besides freedom gains.

TheTexan
07-31-2017, 04:56 PM
It's a big sum but in exchange many arab muslims in Iraq, Benghazi, Syria achieved freedom... was that not worth this expense?

We can't put a prce tag on freedom. Also nationalist security of our closest democratic/dictator allies like Israel, Saudi Arabia should also be kept in mind besides freedom gains.

Good point. There's still plenty of countries that need to be freedomized

Like North Korea

Peace Piper
07-31-2017, 05:07 PM
It's a big sum but in exchange many arab muslims in Iraq, Benghazi, Syria achieved freedom... was that not worth this expense?

We can't put a prce tag on freedom. Also nationalist security of our closest democratic/dictator allies like Israel, Saudi Arabia should also be kept in mind besides freedom gains.

LMAO +1 (You must spread some reputation around before giving it to Enhanced_Deficit again)

nikcers
07-31-2017, 07:39 PM
"is a massive projected borrowing figure, the likes of which have not been seen since Q4 2008,"


U.S. Treasury expects to borrow $96 billion in third-quarter, $501 billion in fourth-quarter

Come on the fun's just about to start.

AuH20
07-31-2017, 08:39 PM
Don't forget medicare, medicaid and S.S. I'd love to bash the Pentagon, but they're far from the only offender.