People in the News

Ray Dalio: “We may experience an economic, social and political collapse”

October 25, 2011   Lawrence Delevingne

The Bridgewater Associates founder uses a Financial Times op-ed to warn about the potentially devastating costs of political and social infighting.

Ray Dalio

For Bridgewater Associates founder Ray Dalio, the unconstructive political and social bickering between the left and the right and the haves and have nots could lead to dire consequences. Fresh off a Charlie Rose appearance where he made similar points, Dalio has used the op-ed page of the Financial Times to make his case:

"If we calm down and work together to properly manage this difficult situation–for example, if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens–we can get through this deleveraging without great pain. If we can’t, we may experience an economic, social and political collapse."

Read the full op-ed here.

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