‘The system is broken’: Ray Dalio fears a return to the 1930s
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Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#2>Dalio won’t talk politics in the specifics, but he says he has a strong aversion to any kind of prejudice, and worries about the vitriol being leveled at him and his Croeseus-like cohorts.
While my initial reaction is to laugh when I hear billionaires complain about being oppressed, and while I expect the thread to respond similarly, it is also important to take a step back and remember which minority groups we might be indirectly spewing hate towards. Though they comprise 2% of the American population, American Jews comprise close to 20% of American billionaires. Often times I've noticed hatred towards billionaires is just masked anti-semitism.
Just a friendly reminder.
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#3Honestly, it wouldn't be bad for the world economy if China were to sell some US Treasury bonds and bid yields a little bit. The smart way to avert the time bomb that is the US equity market is to take a little bit of pain now in a controlled and manageable fashion, in order to avert an eventual uncontrolled crash.
It does seem that people are getting more militant, more aggressive, more angry these days. Kind of makes me wonder how bad the world could get in a sharp downturn like what we saw about a century ago.
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#4Interesting piece until the guardian adds this random piece of dismissiveness at the bottom:
“Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.”
Which is the opposite of what he is saying.
The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as any other politician.
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#5Interesting piece until the guardian adds this random piece of dismissiveness at the bottom: “Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.” Which is the opposite of what he is saying. The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as…
> they are just as dishonest as any other politician.
It's even worse, they're not elected.
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#6Interesting piece until the guardian adds this random piece of dismissiveness at the bottom: “Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.” Which is the opposite of what he is saying. The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as…
A different view is the press, at least the most popular press, are corporate actors, and so are nearly all federal level politicians. It's not so much that the press are spewing political propaganda as the press and the politicians are both spewing corporate propaganda.
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#7Here is Ray's actual blog post referenced in the article:
https://www.linkedin.com/pulse/why-how-capitalism-needs-refo...
Re: ‘The system is broken’: Ray Dalio fears a return to the 1930s
#8Interesting piece until the guardian adds this random piece of dismissiveness at the bottom: “Theirs is that old, radically conservative, message: everything must change so that everything can stay the same.” Which is the opposite of what he is saying. The press are political actors. Until they admit that they too are responsible for creating the system as it is and critique themselves, they are just as dishonest as…
A different view is the press, at least the most popular press, are corporate actors, and so are nearly all federal level politicians. It's not so much that the press are spewing political propaganda as the press and the politicians are both spewing corporate propaganda.
What is the word ‘corporate’ adding to this?
The guardian’s propaganda is weirdly leftist for corporate propaganda.