Submitted By: dwieb1@gmail.com – Click to email about this post
Hitting the headlines today is a story on hedge fund billionaire Ray Dalio and his association of wealth disparity to autocracy. Headlines also say he predicted the 2008 financial crisis, lending credibility to his opinions. Many headlines have a sensationalist tone. The Guardian is more reserved with “Rising inequality is turning US into an autocratic state, billionaire warns” and their article is an interesting read. Note: Dalio is apparently promoting his new book. I still think his point is correct and that it may be useful to review how FDR guided recovery from the wealth disparity of his time. (-Dave)