Alibaba’s founder thinks the world will experience “decades of pain”
Alibaba’s founder and executive chairman of Alibaba Group Jack Ma is predicting decades of social disaster and “pain” across the globe as the internet spreads its disruption through traditional industries.
“In the next 30 years, the world’s pain will be much greater than its happiness. Social conflicts over the next 30 years will hugely impact every industry.” he stated, according to Fortune.
The radical changes the Internet brings will create millions of jobs, as Alibaba has, Ma also told, but only if changes are made to the world’s education systems.
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He claims that policies on artificial intelligence should work to alleviate the job losses that longer lifespans and better-equipped robots will produce.
Last year, in a letter to Alibaba shareholders, Ma envisioned the difficult future for old businesses: “Throughout history, technological disruptions have followed similar trajectories: 20 years of technological disruption followed by 30 years of further rapid change as new technologies are applied throughout society,” he wrote, before predicting the change would benefit Alibaba, as retailers turned to its technologies to transform China’s $4.5 trillion retail market.
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