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China's top billionaire on what's wrong with US economic strategy

China's top billionaire on what's wrong with US economic strategy

(6:18) Where did the money go? Alibaba founder and CEO Jack Ma shares his ideas on economic strategy and globalisation.

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Guest: (261 days ago)

He treats private and public money as same thing (they might be in China), and they are not in US, also a lot of money spent on war is transfer from public money to private.

Income inequality in US is fueled by globalization.

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He treats private and public money as same thing (they might be in China), and they are not in US, also a lot of money spent on war is transfer from public money to private.

Income inequality in US is fueled by globalization.

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Guest: (261 days ago)

It is the same thing. Where do you think the money spent by government is coming from? And where does the money go after the government has spent it all?

Your last statement is true, but American prosperity is also fueld by globalization. Don't throw the baby out with the bathwater.

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Original comment

It is the same thing. Where do you think the money spent by government is coming from? And where does the money go after the government has spent it all?

Your last statement is true, but American prosperity is also fueld by globalization. Don't throw the baby out with the bathwater.

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Guest: (261 days ago)

Watch Reich's video on this page, he gives a good explanation of the difference.

LINK

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Watch Reich's video on this page, he gives a good explanation of the difference.

LINK

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Guest: (260 days ago)
Latest comment:

There is no difference. The government takes the money it needs from the pockets of private individuals or companies either through direct taxation or through inflation/printing money. When the money is spent by the government it ends up in the pockets of private individuals or companies again.

What Robert Reich is explaining is the latest and greatest scam for ripping off the American public. Private individuals or companies will end up paying for the new infrastructure regardless of how the financing is structured. But if Trump get's his way it will be more costly to average Joe than if Reich gets his way (both in the short run and in the long run).

ReplyVote up (101)down (97)
Original comment
Latest comment:

There is no difference. The government takes the money it needs from the pockets of private individuals or companies either through direct taxation or through inflation/printing money. When the money is spent by the government it ends up in the pockets of private individuals or companies again.

What Robert Reich is explaining is the latest and greatest scam for ripping off the American public. Private individuals or companies will end up paying for the new infrastructure regardless of how the financing is structured. But if Trump get's his way it will be more costly to average Joe than if Reich gets his way (both in the short run and in the long run).

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