Hedge fund billionaire Ray Dalio: ‘Capitalism basically is not working for the majority of people’

Posted by & filed under Part 1 Business in a Global Environment, Part 6 Managing Financial Resources.

Description: With just over $18 billion to his name, capitalism has been good to Ray Dalio: He started his hedge fund, Bridgewater Associates, out of a two-bedroom New York City apartment in 1975 and it now manages $160 billion in assets and is the largest hedge fund in the world, according to Forbes.

Source: CNBC.com – video report

Date: Jan 16, 2019

Link: https://www.cnbc.com/2019/01/16/bridgewaters-ray-dalio-capitalism-is-not-working-for-most-people.html

Questions for discussion:

  • What does the article say is failing in capitalism?
  • How does this compare to textbook discussion about different economic systems?
  • How can the limitations of capitalism be corrected, in your opinion?

Leave a Reply