5 months ago
Dalio said that the current 'gaps in wealth', 'gaps in values' and a decline in trust were driving 'more extreme' policies.
'I am just describing the cause and effect relationships that are driving what is happening,' he said.
'And by the way, during such times most people are silent because they are afraid of retaliation if they criticise.'
5 months ago
5 months ago
Apologies - I’m not sure how to generate those archive links people seem to share frequently. Here are a couple other news articles from across the spectrum, that discuss what Ray Dalio told the Financial Times:
https://www.theguardian.com/business/2025/sep/02/rising-ineq...
https://fortune.com/2025/09/02/ray-dalio-america-debt-induce...
https://www.dailymail.co.uk/yourmoney/consumer/article-15057...
5 months ago
The archive link for this FT article: https://archive.ph/xUeJ8
5 months ago
If it's possible for an FT subscriber to share a gift link, I'd be interested in reading the full interview rather than a summary. I've been surprised that the business community hasn't pushed back against Trump and the economic chaos he's causing, and it's great to see someone with the stature of Dalio break ranks.
5 months ago
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5 months ago
I saw him use the word ‘trust’ but I feel like what’s needed is mutual de escalation. Like a return to a more moderate agenda from all political sides, shedding the more extreme positions for something largely agreeable. Maybe a return to respecting basic constitutional rights and individual rights over “agendas”. Otherwise we risk inviting more extreme politicians from each side, with each one using their power more “fully” than the previous one, until SOMEONE becomes a real full fledged autocrat.
5 months ago
You know what solves this? A multi party political system where people have to compromise to form a functional government. This First Past the Post nonsense is really the root of the US current situation
5 months ago
Note that people have to compromise in FPTP, too, the difference is that in a multiparty system compromises across the middle after an election are more normal, in FPTP, compromises within each of two sides, each seeking to carve out an electoral plurality and dependent on the most committed forces on their “side” of the middle, are functionally necessary.
(Also, on FPTP, alienating a voter from the opposing coalition from voting entirely is half as good as winning a vote, whereas alienating voters is much less effective in a multiparty system.)
5 months ago
"Middle of the road" politics will only become popular again if it stops being broken, corrupted and co-opted.
It doesnt seem to want to fix itself, either.
So, more extremism is inevitable.
Far right extremism will prevail though. As the plutocracy gradually gives up on "moderate liberal" politics it will throw its weight behind the far right.
5 months ago
The extreme right cant hold power for ever, they might win some short term pyrrhic victories, but their policies just dont appeal to the majority.
The American public might seem slugish abd slow to act, but at some point they will 100% put a stop to all this non-sense. I believe this becuase americans are quiye possibly the most stubborn, loud, entitled, and armed group of people to ever exist. They simply wont stay down forever.
5 months ago
No political system lasts forever.
The far right can certainly dismantle democracy so that it doesnt really matter what people want though.
5 months ago
The trust erosion is a snow ball. Poke around hacker news and you get tons of antigovernment talking points and very limited anti business when the reality is, in the USA, They're basically hand in glove and the stable force even when the political will switch's direction.
And you can easily see why skepticism for its own sake benefits those who seek to weild power
5 months ago
I think alot of the lost trust is each other is because we lost our local villages. The internet expanded our worlds and now we dont know our neighbors like we once did.