Ray Dalio is gonna be shunned by his fellow billionaires after what he said in this essay, Why and how capitalism needs to be reformed.
He nails it. Income inequality in his country is way past what can be sustained. We're about a generation behind the Americans, mainly because we haven't totally shredded our safety net yet, but I'm guessing there's a certain percentage of voters who very well might trade a safety net for tailgate parties.
The billionaires who own the global media infrastructure didn't waste any time unleashing their minions to question Dalio's sanity, not to mention his class loyalty.
Here's Fox News with the "white man's guilt" angle.
If you scan the numerous rebuttals out there, you'll encounter the word "traitor" more than once.
Obviously, a lot of the uber-fortunate think they're meant to keep getting richer indefinitely while the number of homeless in their city, the number of kids who can't afford to eat, the number of working poor, etc keep climbing.
If I were a billionaire capitalist, I would think it's better to start reforms now rather than wait for the revolution.
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