If you subscribe to the debt cycle theory by Ray Dalio [1], late cycles see a rise of inequality, populism and finally authoritarianism. (I am skeptical.) [1

If you subscribe to the debt cycle theory by Ray Dalio [1], late cycles see a rise of inequality, populism and finally authoritarianism. (I am skeptical.) [1 ]https://www.valuewalk.com/2019/05/ray-dalio-late-long-term-debt-cycle/ https://www.valuewalk.com/2019/05/ray-dalio-late-long-term-d...