Dalio, founder and co-chief investment officer of hedge fund Bridgewater Associates, made his comments in November last year, at the Summit conference in Los Angeles. According to Barron’s, he said: ‘Capitalism is basically not working for the majority of people. That’s just the reality.’
He went on to highlight that the top tenth of 1% of the US population enjoys a net worth equal to that of the bottom 90% and even suggested that president Trump should declare a state of national emergency in response to this wealth gap.
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