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Dalio: "I’m a capitalist. I believe in capitalism. But I think everything’s got to be reformed. The bottom 60% of the population has not had a rise in per-capi
by scrubs 4y ago
Dalio:
"I’m a capitalist. I believe in capitalism. But I think everything’s got to be reformed. The bottom 60% of the population has not had a rise in per-capita income since 1980. There are big opportunity gaps in areas like education ...
I almost don’t care what’s done as long as it’s bipartisan. The most important thing is that we have to develop a solid middle — a bipartisanship of smart people who can work together across party lines to make the reforms."
Amen to that.
Since the 1980s debt, currency account deficits have risen under both parties. There's nothing in sight from either party that suggests either had the appetite or aptitude to do a darn thing about it. Paul Ryan? Please. He took a zero here. Democrats definitely deserve criticism about constantly talking the income side rather than the spend side, thereby leaving spending all for the Republicans to soap-box on. But you wanna know what? Republicans can spend money just fine too.
Some things I'd like to see for the USA. Our kids - yours and mine both --- are getting screwed over right now:
- A 25% shift back to US based supplied chains
- A plan to bound the current account deficit and debt. We need the US dollar to continue to be a desirable reserve currency
- A short term plan to get our hands and Europe's hands on fossil fuels, and complement our portfolio for electrically with fission. In the medium to longer term fossil fuels need to become an under 30% energy source. I do worry about climate. Modern countries have no experience fixing problems like bees gone (so agriculture suffers), or temperature beyond human control. Energy independence will reduce our need to get involved in wars.
- A return to the middle. Frankly that's where the power is, and it's where the fun is especially if you like direct and powerful criticism. In Washington DC it's twice the target rich environment: you can hammer Rs and Ds. DC is like the first half the Breakfast club: it's regressed to stupid inbred, sterile clubs. If we can meet in the middle we can grind off the silly right and left. MLK is a great example here: he neither sat on his hands or went to violence. He stayed the middle requiring more backbone, guts, intellect, a better message for all, and better organizational skills to get people engaged despite being a really tough problem.