Learn English with President Clinton and Billionaire Jack Ma Talk Show English Subtitles
I think today people worry a lot about
the world about the economy China
economy in the world and I’m a very
optimistic when people start to worry
that that is the opportunity is I worry
about the blood testing and she created
good things and I think great
innovations great company’s always
happening in the tough times the lives
like the music you have a P of it down
you have a lousy shot notes and I like
American movie life life is like a box
of chocolate you never know what you’re
gonna get right so I’m pretty optimistic
the opportunity in the future for
equality is huge because in the in in
the last century the IT is for big
companies the globalization is for big
companies but now with the technology we
can serve those 80% of the companies
that never been served we can serve the
80% of the young people that never
served technology for Internet is so
cheap so easy to use one of the reasons
why we grow in China ecommerce so fast
much faster than the u.s. is because our
infrastructure of Commerce in China was
too bad when it is too bad something
happening goes today we are working on
the rural areas of China I can never
imagine that China but 800 million
people still live in the rural areas of
farmers and they’re about close to 200
million people they are income is less
than one dollar per day and before the
internet it’s impossible for these guys
to reach the PC because it’s so
difficult even people like me I don’t
know how to use in PC but now 80% of the
farmers those people using mobile phones
when have the mobile phones the internet
the data things change it a lot so I’m
excited about the future people always
worry that’s the you know I love the
young kids sitting there and talking
about the dream their hopes because if
they have the hope we have the hope
that’s what I believe and let’s just
take
what you do and I’ve loved every
description I’ve ever heard about how
you serve people and your story about
the bamboo farmers and your wife and her
friends it was fabulous but where’s this
going what are you gonna do what are
your plans to maximize the use that
people in remote rural areas of China
can make of their cell phones besides
ordering your projects how are you going
to get it are you going to get them in
the banking system through cell phones
how well we we never know that we can’t
grow so fast in the past five months we
covered 4,500 villages and these people
not only they they using very
traditional way that take them like two
of we went to the rural area it took
them the farmers two hours to work to
the downtown in in the middle of the
town and buy things but today because
the mobile phone and we deliver we can
deliver things to their home to their
village within 72 hours I remember there
is a well last week I read a very
interesting evening
this is Chan amazing there is a girl she
told me a story
she said her grandfather 92 years old a
birthday and for his life he always
wanted to try one western-style food but
he lived in the rural areas there’s no
such a restaurant food so she said I
tried on the Internet book a restaurant
dinner for Western food delivered to
that village
and they finally immediately find that
one restaurant there are three guys they
took like a three days bus from the from
Shanghai to that village may the italic
spaghetti and be for them for this 92
years old birthday and whole village was
excited everybody’s that’s a WoW you can
order food rest no rest rest of style
food so buy almost everything and also
we’re how
there are a lot of farmers they plunder
love apples great apples but 90% of the
apples route it because there’s nobody
by Allah they normally buy by track you
know if you sell the the apples they
sell whole track and using a traditional
way they can they can sell by whole
basket of the apples but now because of
the internet the sell by one by one each
Apple to sell $1 oh you know 1 MB or -
I’m just for each so the farmers will
see using internet they can buy and sell
and use the mobile phone that change
their lives and I think it’s exciting
and people need examples when they see
well the other my neighbors make made
money through online to selling things
my neighbor may you know buy much
interesting things online people start
to learn and more people started by the
mobile phones we cannot have we cannot
make all the factory the mobile
factories to sell phones to them only
they know the mobile phone really works
helping change their lives they started
by the mobile phones just one more
question and then do you think this will
make the current problems like the
current problem in China less likely
that is if we’ll have more market
information in the market will drive
where the investment goats instead of
the government trying to make judgments
about I better build another housing
development or office development here
there yonder and you wound up with a
bubble well it comes from the bottom up
is it more likely that fewer bad things
will happen yeah you know I think the
last week I was in Seattle discussing
about the China economy I think the you
American people worry too much about the
China economy
well you see every time when you start
to worry about the China China goes
better every time you think China is a
problem you know we’re good you know
we’ll get better but when you ever say
however you have a high expectation show
China China always a problem like
parents of the expectation of the kids
you know at the same but there’s a big
difference between the American
consumption because people say wow you
know the economy is bad so China
consumption will be good low
no totally different you American love
to spend it tomorrow’s money and the
other people’s money maybe oh maybe the
Kudus money we Chinese love to save
money we are probably the largest
country under the deep safe deposit in
the whole world that will people because
we’ve been poor for so many years when
we made money we’re put in the banks
because someday we know that disaster is
coming so we can spend the money so when
the economy’s bad we still have the
money to spend you guys probably don’t
you worry and the second thing that the
China being it marketing China been
focusing on developing for the past two
thirty years China government so strong
on investment so strong on exporting but
they are too weak on the domestic
consumption domestic consumption is not
driven by governments driven by
entrepreneurship driven by the market
not the government so in the past two
years past 20 years government is so
strong now they get a week it’s our
opportunity it’s our show time to see
the market economy entrepreneurship how
we can develop the real consumption you
know I think what if the China developed
the great consumption we have a 300
million middle class in next 15 to 20
years we’re gonna have been a middle
class we need to import a lot so when we
start to import that’s a great it’s
gonna I worry a lot when we export you
know when we export we’ve got a terrible
sky we have a terrible water we
of a terrible environment when we start
import we’ve got to be better so that’s
all the great opportunity guys be happy
about that I’m serious I’m we yourself
don’t work reason the reason some of us
worry about China is we depend on you to
buy our debt however I tried to be more
Chinese when I was president I saved a
lot of money but I just wanted you to
say that because I really believe that I
mean I think you’re absolutely right
that the trend toward greater internal
consumption is I think will remain
unbroken in spite of whatever the
difficulties are in the next few months
I think it’s important not to over react
you can’t break the trend you’ve got to
clean up the land from chemical
contaminants you’ve got to clean up the
air you’re going to do it and a lot of
Chinese will make a lot of money out of
that there’ll be a lot of great new
companies and there’ll be opportunities
to import from other places yep
so can you discuss your theory of what
you’re doing and other things in terms
of whether it advances equal opportunity
and social solidarity tell them what you
think is going to happen and what other
kinds of when your opening remarks you
just said technology is going to be
active in this way in other areas of the
economy what do you think the next big
opportunities are but first they tell
them just in two sentences what you’re
doing because Jack and I know and we
haven’t been clear enough explain it and
explain how you think that advances
social solidarity and equality of
opportunity our work is in the belief
that access to health information is a
basic human right and that lab
information particularly because lab
data drives 70% of clinical decisions
I’m needs to be
Cybil two people before they’re sick so
if you look at the word diagnosed in the
dictionary today it says to determine
the presence of disease from symptoms
which means by definition or determining
that people are sick once a disease has
already progressed and our work is in
being able to make lab testing
accessible to people in time for therapy
to be effected and to do that in a way
in which every person irrespective of
their insurance status irrespective of
where they live can afford the ability
to get a test done so that means in our
case we’ve invested the last 12 years in
now developing hundreds of tests many of
which are less than ten dollars so in
two dollar tests in the United States
and I think one of the amazing things
about this country is that we have such
an incredible ecosystem for fueling
creativity and that creativity can
create new markets so an answer to your
question about the market being able to
conform itself to social good I think
the creativity that goes into creating
news new technologies creates new
markets in and of themselves and and our
basic belief that is that those new
markets come from empowering individuals
and in franchising individuals and
trusting that individuals have the
capability to engage with information
and in accessing that information
beginning to take control of their own
outcomes and their own health outcomes
and in doing so changing the way our
health care system works think what this
could mean for rural China you know for
rural India for Native American
reservations in America for the
Mississippi Delta for the remote areas
of where all the jobs were lost from
cold you’re all of a sudden giving
people information and one of the most
important things I think we did in my
second term as president and health
front was developed as diabetes self
care program and all of a sudden you
could be Jack’s company could be
delivering the means to self care based
on your test I mean I think that this is
really this is a very big deal we all
want to live as long and as well as we
can and Gregg Benner was here we were
joking about whether we’d make it to a
hundred but in the meanwhile you want to
keep people healthy and if they’re sick
you want to intervene early not late
yeah well and if you look at I mean the
ability to engage with this information
we have a four trillion dollar health
care problem in this country 20% of it
is type 2 diabetes which is reversible
and we have 90 million Americans who do
not know they are pre-diabetic but
access to information and the ability to
engage with that information is the
foundation for being able to change
those outcomes and and cost right one
more factor than I want to call it Jack
you founded this company twelve years
ago right tell them how old they were I
was 19
[Applause]
don’t worry about the future we’re in
good hands okay I always think of a 19-1
at where I am 90 I’ve not the past
examination for university yet
I failed of three times but I think it
worked out I’m not a good at schooling
well yeah that’s why I give confidence
to a lot of young people in China if
jack mccann success can be successful
80% of the people can be successful
people like her jealous
well equality I I would like to make a
little bit cut technology helping
because yesterday I was joining the
United UN Women conference about gender
equality and I think the first a
technology revolution happened 200 years
ago in the UK released the human body
they’re armed stronger the second
technology revolution in the USA for
energy you can last long but this
technology of revolution relief release
the brain so this century is not a
competition who is strong whose muscles
are stronger this who is a smarter who
is soft who can listen you it’s the
challenge of a wisdom so men women equal
on the Internet you can never see he’s a
woman of man and on the internet women
can serve much better than men on the
internet and a man talking about a
business talking about you know numbers
competition to make business very cold
women they make business very cozy
lifestyle and interesting 50% more than
50% of our shop owners wanna half five
million shop owners are women and people
looked at me this is this is a great
thing I see that this century we see
more and more women leaders on the state
leaders and a presidents I mean in the
future we’re gonna general sector of
your nation shall be one a leader and
this is the greatest century for
equality and I feel excited about that
when they ask you we were almost out of
time but I one of the things that we
haven’t talked enough about here
not just here but generally it’s whether
the leap frogging we saw with cell
phones which was instrumental in your
phenomenal business success and which
will make it possible for you at the
appropriate time to do what you’ve done
on a global scale in the to unimaginable
and all of human history for anybody to
have any of their own health Devitt we
haven’t we’ve seen examples but not the
kind of dramatic penetration we need
with energy and clean energy and enough
and in short enough time to avoid the
worst consequences of climate change so
do you believe that I mean your country
has done more than anybody else to try
to put up solar panels and some of your
companies went broke because you overdid
it right but beforehand and you got to
work out the face out of the coal the
phase-in of the Sun and all that
meanwhile Africa which is growing like
crazy because of the cellphone in no
small measure and as six of the
fastest-growing countries in the world
still has vast swathes of its land
totally dark at night do you believe
that it’s possible for us to scale up
with distributed solar power is rather
than centralized as quick as we did with
a cell phone and if so and if that were
your business if you had to quit what
you’re doing today and start there how
would you do it and how would you do it
they first I know that yeah I’m I’m such
a huge believer in technology and I
think especially right now we’re at an
incredible time in terms of new
technology and the ability to apply
technology in a scalable way towards
solving some of these problems so I
would look at it in the context of some
of the renewable solutions that we
already have and in the context of
empowering connecting individuals with
access to those solutions and in the
context of creating markets around them
I think that there’s real opportunity to
actually create an ecosystem in which
people can financially benefit from
these solutions and I think that’s gonna
drive an adoption I think in developing
economies there’s a revenue stream
associated with that and the more we can
turn even already some of the
technologies that we have into markets
the more that we can fuel I believe
local growth and individual engagement
in in beginning to adopt some of these
solutions just related and they would
Jack you answer and then I’ll ask you
one final question yeah I I’m a strong
believer that technology can make war
much better because people say China
economy is getting slower I’m happy
about a 7% even 5% even 5% of the GDP of
the number of China of the second large
economy is big enough but you don’t
expect China keep on growing 11% because
like one body one human body when you
have 1.8 meters tall you cannot keep on
like a 10 percent growth every year you
have to grow the quality your mind the
wisdom so I think China needs new
technology to solve these problems and
which today the data the the clean
technology all these things that China
is supposed to do if we keep on the
tradition that the other ways we’re
gonna know where this is why I’ve you
excited because people ask me what is
your dream now because I never thought I
would be today I can sit here talking to
president I’m like a guy you know on the
street and like filled of three times
for university five times for high key
schools I applied for 10 times in
Harvard School or rejected
I never thought because of the
technology because the Internet give me
this opportunity so I think when I
retire I don’t want the Chinese people
have a terrible water to drink and it’s
safe for food as people the money we
make or spend in the hospital
that’s disaster so how we can using the
technology to enable young people the
greater chance of this road don’t worry
about
we got 1.4 billion people who were born
in 1980s they are the people of the
internet times they are going to have
new ways to solve the world problems the
things you are worried about today they
can solve it and a human being have
these kind of worries for centuries and
young people can always solve it and
today when you have a right direction
clean energy you know the climate change
all these issues they will be solved and
these are the great opportunities ahead
of us anything else
I agree with that I think the more the
more we can the more we can enfranchise
people the more we can create ecosystems
in which individuals are empowered the
more we give rights to individuals to be
able to build businesses to be able to
to pursue the economic benefit of
technologies the more you see these
markets change before they leave the
stage I want you to look at them and I
want you to think about the time we have
had to spend here dealing with the
refugee problems in Syria and Lebanon
stand up Elias
this is my friend Elias Musab he’s the
education minister in Lebanon he’s got
to educate all these kids
and so he left a miracle that very much
reflects the lives that Elizabeth and
Jack have lived he was in a very
responsible position at the American
University of Dubai they started
bringing American scholars over there to
live in an Arabic culture he did all
these wonderful things
Lebanon got in trouble he went home to
save his country what is the difference
how much more could he had every smart
Lebanese person - if they could focus on
these things and why can he not because
the place is dominated by people who
think their differences are more
important than their common humanity and
our common challenges you cannot imagine
[Applause]
Jack miles proud of being Chinese I like
that
he’d never hit it easy so happy about it
I’m a product to be a global citizen -
yeah and I imagine Lizabeth sprout to be
a blond-haired blue-eyed American techno
Wiz in Northern California yes but they
don’t not a word either one of them is
said has defined the meaning of their
lives or the direction of their work
with negative reference to someone else
my friend Dikembe Mutombo stand up no
you don’t have to stand up it’ll hurts
too much
you’re an old man my seven foot - its
fall friend was just inducted into the
National Basketball Association Hall of
Fame and
the my family my whole family loves him
and I have seen how much he has given
back to his native country Congo which
has been so troubled I’ve known him a
long time we both went to Georgetown
University I did before he was born I
think I’ve never heard him say a
resentful thing about anybody I have
seen him give and give and give and try
to give the people in his native land
opportunities why am I telling you this
he’s had a good life because he never
defined his life with negative reference
to anybody else
he never begrudge anybody else’s success
and he thought he had an obligation to
help other people I’m telling you this
is the we are back in a time of
collective global insecurity where the
main struggle is the oldest one in human
history just in modern techno realities
I mean if you were trying to build the
Middle East you would think about our
permanent sponsor here the Ambassador
from Oman who tried to her government
tried to help head off a calamitous war
in the Middle East over the nuclear
issue in Iran we all pray to God that
it’ll work out on life and the least you
make you look around all these places
wherever people are putting aside their
differences and working together good
things are happening we cannot achieve
economic or social equality without
living in the factional realities of the
world we face looking at the obstacles
looking at the opportunities making the
best decisions and those of us who even
feel good about ourselves because we
think we spend a lot of time giving our
whole goal should be to work our cell
out of a job one of the things that the
bill and tani Austin are sitting there
with Starkey they started giving away
hearing aids and then they decided well
we better teach these young people how
to speak if I get the gift of hearing
they’ll have to learn that so they got
into the education business sunny Varkey
got into the education business decided
somebody ought to do something really
dramatic to remind people that the only
people that really matter the teachers
so he gave the first global Teacher of
the Year award last year and an
international panel gave the prize to a
teacher from Maine who promptly gave the
entire million dollars to her school
loved it never made any money in their
life she gave all the money away
immediately the future is going to be
forged by people who think of how to use
the modern tools that we are given as
Elizabeth and Jack have to create
opportunity through empowerment and it
will not be a straight line it’s too too
many moving parts and but I just want
you to think about that the reason you
feel good looking at them and that you
identify with them even though they’re
different from you and that’s basically
where we are all over again and we can’t
slip back we can’t give up that’s why we
had the Prime Minister of Italy and
George Soros talking about the future of
Europe and George said it was coming
apart and the Prime Minister said no it
doesn’t have to come apart if it’s about
something more than economics I thought
it doesn’t have to come apart if you
will it not - and you put yourself on
the line for it there are no guaranteed
outcomes today but you can guarantee
that the trend is right so go ahead and
we’re gonna say something weren’t yeah I
just wanted to add I mean if we’re
talking about the future and and from my
own experience and looking at all the
faces here I think a huge part of the
answer to your question is also to raise
our little girls with the stereotype
that they can be the best in and
in science and math because when they do
in all of these industries it changes
everything
and we need to do that in this country
and we need to do that as parents in
other countries yeah I was thinking
about if what you say I think about when
you want when you talk about problems
anomalies like a politician we talk
about opportunity the opportunities that
the businesspeople I was thinking about
how we can using you know this all the
problems that change the problem to come
the opportunity and I don’t know I just
a feel excited when people talk about
problems
I think that’s think about if you can
solve one of them that’s the chance and
today nobody in live in this century has
so many opportunities and so many tools
that can use to change other people’s
life and I think in in the last century
which are called IT time this century is
called a DT time data technology IT is
to empower yourself make yourself strong
DT is to empower the others when you
empower the others you empower your
future yourself so when I listen to talk
I agree and I think that’s why we were
born in this century that’s why we how
we can use the internet helping more
people it’s given my hand thank you
[Applause]
[Music]