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US sliding towards 1930s-style autocracy, warns Ray Dalio

32 points by SilverElfin 1y ago

SilverElfin 1y ago
Dalio said that the current 'gaps in wealth', 'gaps in values' and a decline in trust were driving 'more extreme' policies. 'I am just describing the cause and effect relationships that are driving what is happening,' he said. 'And by the way, during such times most people are silent because they are afraid of retaliation if they criticise.'
SilverElfin 1y ago
Apologies - I’m not sure how to generate those archive links people seem to share frequently. Here are a couple other news articles from across the spectrum, that discuss what Ray Dalio told the Financial Times: https://www.theguardian.com/business/2025/sep/02/rising-inequality-is-turning-us-into-an-autocratic-state-billionaire-warns https://www.theguardian.com/business/2025/sep/02/rising-ineq... https://fortune.com/2025/09/02/ray-dalio-america-debt-induced-heart-attack-trump/ https://fortune.com/2025/09/02/ray-dalio-america-debt-induce... https://www.dailymail.co.uk/yourmoney/consumer/article-15057963/ray-dalio-bridgewater-warning-trump-autacratic.html https://www.dailymail.co.uk/yourmoney/consumer/article-15057...
- mitchbob 1y ago
  If it's possible for an FT subscriber to share a gift link, I'd be interested in reading the full interview rather than a summary. I've been surprised that the business community hasn't pushed back against Trump and the economic chaos he's causing, and it's great to see someone with the stature of Dalio break ranks.
- scrlk 1y ago
  Use https://archive.ph/ https://archive.ph/ The archive link for this FT article: https://archive.ph/xUeJ8 https://archive.ph/xUeJ8
electric_muse 1y ago
[flagged]
- SilverElfin 1y ago
  I saw him use the word ‘trust’ but I feel like what’s needed is mutual de escalation. Like a return to a more moderate agenda from all political sides, shedding the more extreme positions for something largely agreeable. Maybe a return to respecting basic constitutional rights and individual rights over “agendas”. Otherwise we risk inviting more extreme politicians from each side, with each one using their power more “fully” than the previous one, until SOMEONE becomes a real full fledged autocrat.
  - SOLAR_FIELDS 1y ago
    You know what solves this? A multi party political system where people have to compromise to form a functional government. This First Past the Post nonsense is really the root of the US current situation
    - dragonwriter 1y ago
      Note that people have to compromise in FPTP, too, the difference is that in a multiparty system compromises across the middle after an election are more normal, in FPTP, compromises within each of two sides, each seeking to carve out an electoral plurality and dependent on the most committed forces on their “side” of the middle, are functionally necessary. (Also, on FPTP, alienating a voter from the opposing coalition from voting entirely is half as good as winning a vote, whereas alienating voters is much less effective in a multiparty system.)
  - pydry 1y ago
    "Middle of the road" politics will only become popular again if it stops being broken, corrupted and co-opted. It doesnt seem to want to fix itself, either. So, more extremism is inevitable. Far right extremism will prevail though. As the plutocracy gradually gives up on "moderate liberal" politics it will throw its weight behind the far right.
cornhole 1y ago
https://en.wikipedia.org/wiki/Business_Plot?wprov=sfti1 https://en.wikipedia.org/wiki/Business_Plot?wprov=sfti1

32 points by SilverElfin 1y ago

Dalio said that the current 'gaps in wealth', 'gaps in values' and a decline in trust were driving 'more extreme' policies. 'I am just describing the cause and effect relationships that are driving what is happening,' he said. 'And by the way, during such times most people are silent because they are afraid of retaliation if they criticise.'

SilverElfin 1y ago

Apologies - I’m not sure how to generate those archive links people seem to share frequently. Here are a couple other news articles from across the spectrum, that discuss what Ray Dalio told the Financial Times: https://www.theguardian.com/business/2025/sep/02/rising-inequality-is-turning-us-into-an-autocratic-state-billionaire-warns https://www.theguardian.com/business/2025/sep/02/rising-ineq... https://fortune.com/2025/09/02/ray-dalio-america-debt-induced-heart-attack-trump/ https://fortune.com/2025/09/02/ray-dalio-america-debt-induce... https://www.dailymail.co.uk/yourmoney/consumer/article-15057963/ray-dalio-bridgewater-warning-trump-autacratic.html https://www.dailymail.co.uk/yourmoney/consumer/article-15057...

mitchbob 1y ago
If it's possible for an FT subscriber to share a gift link, I'd be interested in reading the full interview rather than a summary. I've been surprised that the business community hasn't pushed back against Trump and the economic chaos he's causing, and it's great to see someone with the stature of Dalio break ranks.
scrlk 1y ago
Use https://archive.ph/ https://archive.ph/ The archive link for this FT article: https://archive.ph/xUeJ8 https://archive.ph/xUeJ8

electric_muse 1y ago

[flagged]

SilverElfin 1y ago
I saw him use the word ‘trust’ but I feel like what’s needed is mutual de escalation. Like a return to a more moderate agenda from all political sides, shedding the more extreme positions for something largely agreeable. Maybe a return to respecting basic constitutional rights and individual rights over “agendas”. Otherwise we risk inviting more extreme politicians from each side, with each one using their power more “fully” than the previous one, until SOMEONE becomes a real full fledged autocrat.
- SOLAR_FIELDS 1y ago
  You know what solves this? A multi party political system where people have to compromise to form a functional government. This First Past the Post nonsense is really the root of the US current situation
  - dragonwriter 1y ago
    Note that people have to compromise in FPTP, too, the difference is that in a multiparty system compromises across the middle after an election are more normal, in FPTP, compromises within each of two sides, each seeking to carve out an electoral plurality and dependent on the most committed forces on their “side” of the middle, are functionally necessary. (Also, on FPTP, alienating a voter from the opposing coalition from voting entirely is half as good as winning a vote, whereas alienating voters is much less effective in a multiparty system.)
- pydry 1y ago
  "Middle of the road" politics will only become popular again if it stops being broken, corrupted and co-opted. It doesnt seem to want to fix itself, either. So, more extremism is inevitable. Far right extremism will prevail though. As the plutocracy gradually gives up on "moderate liberal" politics it will throw its weight behind the far right.

cornhole 1y ago

https://en.wikipedia.org/wiki/Business_Plot?wprov=sfti1 https://en.wikipedia.org/wiki/Business_Plot?wprov=sfti1