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First, I think 30 years ago, when I just graduated from universities, I heard America had a wonderful strategy.
They outsource the manufacture job, service jobs. They outsource the manufacture to Mexico and China.
Outsource the service job to India. There's a book called The World is a Flat.
Tom Friedman, the delegate at the New York Times.
And I think it's a perfect strategy.
You know, the Americans said, we just want to control the IP, we just want to technology, we just want to brand, to leave the lower end jobs for the world.
Great strategy.
And second is that the American international companies made millions and millions of dollars from globalization.
The top 100 companies in America. Amazing.
I remember when I graduated from university, I tried to buy a beeper, the Motorola beeper. Cost me $250.
My pay at that time was $10 a month as a teacher.
And the cost of making that beeper is only $8 for a chip.
So, the past 30 years, IBM, Cisco, Microsoft, they made tons of money.
The money, the profit they made are much more than the four largest banks in China put together.
The China Mobile phone, China Unicom and whatever you name it, put together.
Still, these multinational companies made more money than.
So, their market cap grew more than 100 times in the past 30 years.
But where did the money go?
This is what I'm curious because as a business people, I always care about the balance sheet.
Where the money coming, where the money go.
Past 30 years, the Americans had 13 wars, spending $14.2 trillion.
The money going there, what if they spent part of that money on building of the infrastructure?
Helping the white colors, the white colors and the blue colors.
No matter how strategy good it is, you're supposed to spend money on your own people.
Not everybody can pass Harvard.
Like me, I'm not good at education.
We should spend money on those people who are not good at schooling.
And the other money which I'm curious about is that when I was young,
When I was young, I heard that America is bad at food, and Boeing, those big manufacturing companies.
Last 10-20 years, I heard about Silicon Valley and Wall Street.
The money go to the Wall Street.
And what happened?
Year 2008, the financial crisis wiped out $19.2 trillion U.S.A alone.
They wiped out all the white colors and destroyed 34 million jobs globally.
So what if the money, it's not Wall Street.
What if the money spent on the Middle East, Middle West of the United States.
Developing the industry there, that could be changed a lot.
So it's not the other countries steal jobs from you guys.
It is your strategy.
But you do not distribute the money and things in a proper way.
This is what I...
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