Monday, November 10, 2014

Ali-Babble

What does Alibaba do?

The company's first business was alibaba.com set up by the company's founder Jack Ma in 1999. The website helps to connect exporters in China (and other countries) with companies in over 190 countries around the world.


The system allows a business in the US to find a manufacturer in China and have a range of goods produced and shipped.


http://www.bbc.com/news/business-29077495


In other words, if you manufacture something, Alibaba gives your boss a way to make your product in China (and other countries) and take your job away.


How much is Alibaba worth?


Over $280 billion and apparently growing:


http://www.zerohedge.com/news/2014-11-10/alibaba-closing-6th-largest-company-us


In other words, Wall Street and other people (including the living dead) would rather invest "their" money in a company which will disappear "your" manufacturing job and give it to someone in China (and other countries).


This is now the basis for "your" nation's economy.



Get the picture?

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