Economics
Ray Dalio Sounds a New Alarm on Capitalism’s Flaws, Warns of Revolution
- Disparities in wealth, values leading to ‘increasing conflict’
- Bridgewater founder gives $100 million to Connecticut schools
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Ray Dalio, the billionaire founder of the world’s biggest hedge fund, said he believes flaws in American capitalism have created destructive and self-reinforcing gaps in education, social mobility, assets and income -- and the result could be another revolution.