Ray Dalio, billionaire founder of hedge-fund giant Bridgewater Associates, has been hammering away at the system he blames for driving the economic divide in...
Ray Dalio, the billionaire founder of hedge-fund giant Bridgewater Associates, has been hammering away at the system he blames for driving the vast economic divide in the United States in recent years.
On CNBC, where the flag of capitalism flies high, host Joe Kernen took issue with Dalio’s approach to fixing the problem. The argument continued for several minutes as Kernen riled up Dalio by pushing the idea that capitalism itself isn’t what’s widening the gap; rather it’s several factors at play, including fiscal and monetary policy.
But is there “equal opportunity for the American dream?” Dalio says too many people, especially the bottom 60%, aren’t getting the same chances.
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