Billionaire, Jack Ma predicts decades of global economy ‘pain’ caused by the internet

Alibaba leader, billionaire, Jack Ma has put forth a warning that the world should brace for decades of social upheaval and pain as the internet disturbs the global economy.

“In the next thirty years, the world’s pain will be much greater than its happiness,” Ma said at an entrepreneurial conference in Zhengzhou, China.

“Social conflicts over the next thirty years will hugely impact every industry.”

According to Ma, the world must change the way people are taught and establish how to work with robots to help soften the blow caused by automation and the internet.

“Machines should only do what humans cannot,” he said, adding that “Only in this way can we have the opportunities to keep the machines as working partners with humans, rather than as replacements.”

He gave reference to his earlier warnings about how the internet would impact industries.
“Fifteen years ago I gave speeches 200 or 300 times reminding everyone that the internet will impact all industries, but people didn’t listen because I was nobody,” he said.
He has called for traditional industries to stop complaining about the internet’s effects on the economy. He believes Cloud-computing and artificial intelligence are essential for business.
Source RT News