- Ray Dalio is the billionaire founder of the world’s largest hedge fund, Bridgewater Associates. Last year he proclaimed that American capitalism had to be reformed.
- Now he tells Business Insider that people are misinterpreting that as a call for wealth redistribution, rather than for increasing the nation’s productivity.
- Productivity, or how efficiently a country is using capital and labor to create value, has been on a decline in America since 2004, and has been especially low since the financial crisis.
- He told Business Insider that the US is headed in five years to an economic and social disaster on the read more >>>