Connect with us

Latest

News

Alibaba founder Jack Ma blasts Obama’s economic track record, “where did the money go?”

Alibaba founder Jack Ma says the United States is to blame for its problems, spending trillions of dollars to wage war, instead of investing in the country.

Alex Christoforou

Published

on

915 Views

Jack Ma did not mince his words when laying blame for America’s deep troubles.

For the Alibaba founder, ‘don’t blame China for your woes America’…the United States is to blame for its problems by spending trillions of dollars to wage endless wars, instead of investing in its people and infrastructure.

America is certainly to blame for the issues it now faces, domestically and internationally. This is what eight years of Bush, and eight years of Obama gets you.

Commenting on Donald Trump’s decision to impose new tariffs on Chinese imports, in a move meant to protect domestic American manufacturers, Jack Ma, the founder of online retailer Alibaba, said the US should blame itself, not China…

“It’s not that other countries steal jobs from you guys. It’s your strategy. Distribute the money and things in a proper way.”

“American multinational companies made millions and millions of dollars from globalization.”

“The past 30 years, IBM, Cisco, Microsoft, they’ve made tens of millions — the profits they’ve made are much more than the four Chinese banks put together…. But where did the money go?”

Ma said that he supports globalization (just not the neo-liberal US form of globalization), noting that globalization “should be inclusive,” with profits shared by nations, not just going to the wealthy few.

“The world needs new leadership, but the new leadership is about working together.”

“As a business person, I want the world to share the prosperity together.”

CNBC reports

According to Ma, the United States has spent some $14 trillion waging war abroad over the last 30 years, instead of investing in itself, according to CNBC. Ma named this as the main reason that the US economy is weakening.

Ma said that globalization strategy promulgated by the US has brought massive income for multinational corporations and high-level investors, but that money has missed the American citizen.

 

Liked it? Take a second to support The Duran on Patreon!
Advertisement
Click to comment

Leave a Reply

avatar
  Subscribe  
Notify of

Latest

France in Turmoil… Blame Russia!

Russia did it!

Strategic Culture Foundation

Published

on

Via The Strategic Culture Foundation:


Well, what d’you know, regular as clockwork, Russia is being blamed – again – for “sowing social division” in Western states. This time, it’s the ongoing nationwide public protests in France against economic austerity which some Western media outlets have claimed are being “amplified” by Russian influence.

One of the media outlets carrying such claims is British newspaper, the Times of London. Last month, this same supposedly serious paper published claims that a popular Russian cartoon series, Masha and The Bear, was trying to “subvert” Western children with “pro-Russia” sentiments. After that ridiculous piece of garbage journalism, what credibility has the Times got to now push claims that Russia is behind the social protests engulfing France? Exactly, enough said.

France has been roiled by nearly five weeks of anti-government demonstrations, popularly referred to as the Yellow Vest movement. Protesters are planning to stage rallies in the capital Paris and other major cities this weekend for the fifth consecutive week. Clashes with riot police and burning vehicles in the Champs Élysées and other iconic public venues across France certainly speak to the gravity of the social anger being expressed by millions of French people.

The French public are incensed by mounting economic hardship under the government of President Emmanuel Macron, the former investment banker who wants to gut workers’ rights and social benefits under the euphemism of “reforms”. That’s after he and his wife recently redecorated the gilded Élysée Palace with ornate furnishings, wallpaper and carpets to the tune of €600,000. Many French workers are struggling to even heat their homes, such is prevalence of poverty.

This week, Macron made a nationwide televised address from this same gilded palace in which he appealed for calm and stated that the authorities would belatedly make concessions in an attempt to alleviate anger over tax and other economic issues that the French public say have hit them hard with deprivation.

Nevertheless, many French citizens say that Macron’s concessions are not nearly enough to appease their grievances. They have vowed to continue protesting, despite a terror incident this week in the eastern city of Strasbourg in which a gunman apparently killed three people. French authorities have urged protests to be called off in the aftermath of the tight security situation. The protesters have so far refused to call off their nationwide demonstrations.

It seems significant that as the Macron government is increasing its pressure on protests to subside – no doubt out of alarm that the authorities are losing control over the populace – then this week the media are lately reporting on claims that Russia is “amplifying” the unrest.

Jean-Yves Le Drian, the foreign minister, told French media that his government was launching a probe into allegations of Russian incitement of the Yellow Vest movement. It seems like a cynical distraction to undermine the legitimacy of public fury.

What are the allegations of Russian interference based on? Apparently, the Times of London and other Western media outlets reported that “Russian-linked” social media posts are commenting on the protests. So too, it is claimed, Russian news media have devoted undue coverage to the French demonstrations.

So, let’s get this straight. Russian social media users and Russian news media are to blame for “amplifying” French unrest because they happen to report or discuss such unrest. The logic is absurd. No doubt millions of people in countries around the world as well as their news media are commenting on these momentous events in Europe. Just because Russians are doing that, then this is cited as “evidence” of Russian interference. What underlies that ludicrous conclusion is the most fatuous prejudice of Russophobia.

Western states are living in denial. Deep social problems from poverty under their failed economic policies and from disenfranchisement under failed political governance are inherent causes. Yet in spite of the systemic failure, Russia is cast as the scapegoat, rather than looking inward at the inherent causes.

We saw this in the US after the election of maverick outsider Donald Trump as president and with Britain’s Brexit referendum to leave the European Union. Those events were the result of discontent within those societies with regard to the status quo. Rather than dealing with their inherent social, economic and political problems, certain elements within the ruling class in the US and Britain sought to explain away the failing by pointing the blame on Russia.

The same tawdry thinking is being invoked with regard to the French protests.

Admittedly, however, the tedious narrative of blaming Russia is wearing thin, and so the latest claims about Russia stirring up the French are not being too widely played in Western media, no doubt because of a realization even by the Western media that such claims are idiotic. Again, after the Masha and the Bear farcical “report”, the Russian “red-baiting” in Western media has lost any potency it may once have had.

Western states are indeed confronting huge challenges from their own populaces. Poverty, social injustice, unemployment, crumbling public services, rampant alienation from state institutions, disgust with criminal militarism, among other grievances, are all motivating popular discontent and anger. The French protests are symptomatic of an international revolt against injustice of a failing capitalist order.

Western ruling establishments are only stoking even more popular uprising by refusing to take the societal malaise seriously. They are postponing a day of reckoning which will come sooner or later with greater force. Blaming Russia is part of their futile charade to postpone the day of reckoning. Telling French people they are being manipulated by Kremlin agents is laughable, contemptible and fueling the calamity of political collapse. Out of collapse, it may be hoped that some progressive, democratic new polity might emerge.

In an absurdist twist of the Marie Antoinette fable, French and Western authorities are saying, “The people want bread – but the Russians are telling them they should eat cake”. The travesty of their own elitist irrelevance is what’s making Western societies revolt against their establishments.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

EXPLOSIVE: Michael Cohen sentencing memo exposes serial liar with nothing to offer Mueller (Video)

The Duran Quick Take: Episode 38.

Alex Christoforou

Published

on

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at the Michael Cohen sentencing memo which paints the picture of a man who was not as close to Trump as he made it out to be…a serial liar and cheat who leveraged his thin connections to the Trump organization for money and fame.

It was Cohen himself who proudly labelled himself as Trump’s “fixer”. The sentencing memo hints at the fact that even Mueller finds no value to Cohen in relation to the ongoing Trump-Russia witch hunt investigation.

Remember to Please Subscribe to The Duran’s YouTube Channel.

Follow The Duran Audio Podcast on Soundcloud.

Via Axios

Special counsel Robert Mueller and federal prosecutors in New York have each submitted sentencing memos for President Trump’s former personal attorney Michael Cohen, after Cohen pleaded guilty in two different cases related to his work for Trump and the Trump Organization.

The big picture: The Southern District of New York recommended Cohen serve a range of 51 to 63 months for four crimes — “willful tax evasion, making false statements to a financial institution, illegal campaign contributions, and making false statements to Congress.” Mueller, meanwhile, did not take a position on the length of Cohen’s statement, but said he has made substantial efforts to assist the investigation.

Southern District of New York

Mueller investigation

Michael J. Stern, a federal prosecutor with the Justice Department for 25 years in Detroit and Los Angeles noted via USA Today

In support of their request that he serve no time in prison, Cohen’s attorneys offered a series of testimonials from friends who described the private Michael Cohen as a “truly caring” man with a “huge heart” who is not only “an upstanding, honorable, salt of the earth man” but also a “selfless caretaker.”

The choirboy portrayed by Cohen’s lawyers stands in sharp opposition to Cohen’s public persona as Trump’s legal bulldog, who once threatened a reporter with: “What I’m going to do to you is going to be f—ing disgusting. Do you understand me?”

Prosecutors focused their sentencing memo on Cohen as Mr. Hyde. Not only did they detail Cohen’s illegal activities, which include millions of dollars of fraud, they also recognized the public damage that stemmed from his political crimes — describing Cohen as “a man who knowingly sought to undermine core institutions of our democracy.”

Rebuffing efforts by Cohen’s attorneys to recast him as a good guy who made a few small mistakes, prosecutors cited texts, statements of witnesses, recordings, documents and other evidence that proved Cohen got ahead by employing a “pattern of deception that permeated his professional life.” The prosecutors attributed Cohen’s crimes to “personal greed,” an effort to “increase his power and influence,” and a desire to maintain his “opulent lifestyle.”

Perhaps the most damning reveal in the U.S. Attorney’s sentencing memo is that Cohen refused to fully cooperate. That’s despite his public relations campaign to convince us that he is a new man who will cooperate with any law enforcement authority, at any time, at any place.

As a former federal prosecutor who handled hundreds of plea deals like Cohen’s, I can say it is extremely rare for any credit to be recommended when a defendant decides not to sign a full cooperation deal. The only reason for a refusal would be to hide information. The prosecutors said as much in their sentencing memo: Cohen refused “to be debriefed on other uncharged criminal conduct, if any, in his past,” and “further declined” to discuss “other areas of investigative interest.”

 

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Canada to Pay Heavy Price for Trudeau’s Groupie Role in US Banditry Against China

Trudeau would had to have known about the impending plot to snatch Huawei CFO Wanzhou and moreover that he personally signed off on it.

Published

on

Authored by Finian Cunningham via The Strategic Culture Foundation:


You do have to wonder about the political savvy of Canadian Prime Minister Justin Trudeau and his government. The furious fallout from China over the arrest of a senior telecoms executive is going to do severe damage to Canadian national interests.

Trudeau’s fawning over American demands is already rebounding very badly for Canada’s economy and its international image.

The Canadian arrest – on behalf of Washington – of Meng Wanzhou, chief financial officer of Chinese telecom giant Huawei, seems a blatant case of the Americans acting politically and vindictively. If the Americans are seen to be acting like bandits, then the Canadians are their flunkies.

Wanzhou was detained on December 1 by Canadian federal police as she was boarding a commercial airliner in Vancouver. She was reportedly handcuffed and led away in a humiliating manner which has shocked the Chinese government, media and public.

The business executive has since been released on a $7.4 million bail bond, pending further legal proceedings. She is effectively being kept under house arrest in Canada with electronic ankle tagging.

To add insult to injury, it is not even clear what Wanzhou is being prosecuted for. The US authorities have claimed that she is guilty of breaching American sanctions against Iran by conducting telecoms business with Tehran. It is presumed that the Canadians arrested Wanzhou at the request of the Americans. But so far a US extradition warrant has not been filed. That could take months. In the meantime, the Chinese businesswoman will be living under curfew, her freedom denied.

Canadian legal expert Christopher Black says there is no juridical case for Wanzhou’s detention. The issue of US sanctions on Iran is irrelevant and has no grounds in international law. It is simply the Americans applying their questionable national laws on a third party. Black contends that Canada has therefore no obligation whatsoever to impose those US laws regarding Iran in its territory, especially given that Ottawa and Beijing have their own separate bilateral diplomatic relations.

In any case, what the real issue is about is the Americans using legal mechanisms to intimidate and beat up commercial rivals. For months now, Washington has made it clear that it is targeting Chinese telecoms rivals as commercial competitors in a strategic sector. US claims about China using telecoms for “spying” and “infiltrating” American national security are bogus propaganda ruses to undermine these commercial rivals through foul means.

It also seems clear from US President Donald Trump’s unsubtle comments this week to Reuters, saying he would “personally intervene” in the Meng case “if it helped trade talks with China”, that the Huawei executive is being dangled like a bargaining chip. It was a tacit admission by Trump that the Americans really don’t have a legal case against her.

Canada’s foreign minister Chrystia Freeland bounced into damage limitation mode following Trump’s thuggish comments. She said that the case should not be “politicized” and that the legal proceedings should not be tampered with. How ironic is that?

The whole affair has been politicized from the very beginning. Meng’s arrest, or as Christopher Black calls it “hostage-taking”, is driven by Washington’s agenda of harassment against China for commercial reasons, under a legal pretext purportedly about Iranian sanctions.

When Trump revealed the cynical expediency of him “helping to free Wanzhou”, then the Canadians realized they were also being exposed for the flunkies that they are for American banditry. That’s why Freeland was obliged to quickly adopt the fastidious pretense of legal probity.

Canadian premier Justin Trudeau has claimed that he wasn’t aware of the American request for Wanzhou’s detention. Trudeau is being pseudo. For such a high-profile infringement against a senior Chinese business leader, Ottawa must have been fully briefed by the Americans. Christopher Black, the legal expert, believes that Trudeau would had to have known about the impending plot to snatch Wanzhou and moreover that he personally signed off on it.

What Trudeau and his government intended to get out of performing this sordid role for American thuggery is far from clear. Maybe after being verbally mauled by Trump as “weak and dishonest” at the G7 summit earlier this year, in June, Trudeau decided it was best to roll over and be a good little puppy for the Americans in their dirty deed against China.

But already it has since emerged that Canada is going to pay a very heavy price indeed for such dubious service to Washington. Beijing has warned that it will take retaliation against both Washington and Ottawa. And it is Ottawa that is more vulnerable to severe repercussions.

This week saw two Canadian citizens, one a former diplomat, detained in China on spying charges.

Canadian business analysts are also warning that Beijing can inflict harsh economic penalties on Ottawa. An incensed Chinese public have begun boycotting Canadian exports and sensitive Canadian investments in China are now at risk from being blocked by Beijing. A proposed free trade deal that was being negotiated between Ottawa and Beijing now looks dead in the water.

And if Trudeau’s government caves in to the excruciating economic pressure brought to bear by Beijing and then abides by China’s demand to immediately release Meng Wanzhou, Ottawa will look like a pathetic, gutless lackey to Washington. Canada’s reputation of being a liberal, independent state will be shredded. Even then the Chinese are unlikely to forget Trudeau’s treachery.

With comic irony, there’s a cringemaking personal dimension to this unseemly saga.

During the 197os when Trudeau’s mother Margaret was a thirty-something socialite heading for divorce from his father, then Prime Minister Pierre Trudeau, she was often in the gossip media for indiscretions at nightclubs. Rolling Stones guitarist Keith Richards claims in his autobiography that Margaret Trudeau was a groupie for the band, having flings with Mick Jagger and Ronnie Wood. Her racy escapades and louche lifestyle brought shame to many Canadians.

Poor Margaret Trudeau later wound up divorced, disgraced, financially broke and scraping a living from scribbling tell-all books.

Justin, her eldest son, is finding out that being a groupie for Washington’s banditry is also bringing disrepute for him and his country.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Trending