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Just found interesting comment from Jack Ma, about US strategy. He said that US had excellent strategy of focusing on IP and design while moving manufacturing a
by MichailP 9y ago
Just found interesting comment from Jack Ma, about US strategy. He said that US had excellent strategy of focusing on IP and design while moving manufacturing and services to other countries. Large amounts of profits were generated, and then squandered on wars (instead of infrastructure). And then there was a nice analogy, in comments sections of the interview:
"When I was 12, I made 100 dollars during a summer job we all used to do, I saved 71 dollars throughout the year and then bought fireworks and spent pretty much all of the money on 4th of July. I think our government is doing the same at a larger scale."