‘New Cold War’ Developing Between U.S., China

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(Photo Credit: Air Force Master Sgt. Jerry Morrison)

 

Beijing is digging in for a ‘war of attrition’ that won’t end anytime soon.

With trade tensions growing between Washington and Beijing, and the military tensions building in the South China Sea, observers are noting that a “new Cold War” is brewing between the U.S. and China. Continue reading

Will Our Grandchildren Work Only Four Hours Per Day?

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Chinese billionaire and Alibaba founder Jack Ma predicted this week that in 30 years, people will be working less than they do now. According to NBC:

“I think in the next 30 years, people only work four hours a day and maybe four days a week,” Ma said.

“My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy.”

Only time will tell if Ma’s prediction will come true in terms of its time horizon and magnitude. But, if the next century follows the pattern of the previous 150 years, we could be looking at continued and significant reductions in total working hours.  Continue reading

Jack Ma: America has wasted its wealth

 

Jack Ma, one of China’s most successful and richest entrepreneurs, has responded to America’s growing globalization backlash, arguing that the superpower has benefited immensely from the process – but that it has largely squandered its wealth.

“American international companies made millions and millions of dollars from globalization,” Ma – the founder of Alibaba, the world’s largest online retailer – told participants on the second day of Davos. “The past 30 years, companies like IBM, Cisco and Microsoft made tons of money.”

The question is: where did that money go? It was wasted, Ma explained. Continue reading

Jack Ma lays out plan to create 1 million jobs for Trump

 

Alibaba’s Jack Ma told incoming US president Donald Trump about his plans to create a million US jobs by bringing farmers and small businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman told Reuters. Continue reading